Saudi Aramco to Be Listed on Wednesday, Dec 11, 2019; Opening Auction On The First Day Of Trading

Image Credit: business standard.com

Culled—Proshare

December 6, 2019

By Tadawul

The Saudi Stock Exchange (Tadawul) announces that the listing and trading of the Saudi Arabian Oil Company (Saudi Aramco) will start on Wednesday 11/12/2019G, with the symbol 2222, and a +10% daily price fluctuation limit.

On the first day of trading only, the opening auction for the Saudi Arabian Oil Company (Saudi Aramco) will be extended for 30 minutes.

Accordingly, the opening auction session will start from 9:30 a.m. until 10:30 a.m. AST on Wednesday 11/12/2019G only. Continuous trading will start at 10:30 a.m. AST, and closing auction at 3:00 p.m. AST as usual.

The opening auction will remain the same for the rest of the securities listed on the Main Market from 9:30 a.m. until 10:00 a.m. AST. Continuous trading for the rest of listed securities on the Main Market will commence at 10:00 a.m.

For more information about Saudi Arabian Oil Company (Saudi Aramco), please (click here) to review the prospectus.

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