Contacts and frequently asked questions

Initial Public Offering (IPO)


Terms & Conditions


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Electronic versions of the materials you are seeking to access are being made available on this website by Saudi Arabian Oil Company (Saudi Aramco) in good faith and are for information purposes only. These materials are not directed at or accessible by persons in the United States or persons resident or located in Australia, Canada, Japan or any other jurisdiction where the extension of availability of the materials to which you are seeking access would breach any applicable law or regulation. You are requested to review the following information and make the following confirmation each time you seek to access this restricted information. Your confirmation must be true and accurate. Please note the disclaimer set out below may be altered or updated. You should read it in full each time you visit the site.

The materials do not constitute or form a part of any offer to sell or issue, or any solicitation of any offer to purchase, subscribe for or otherwise acquire, securities in the United States, Australia, Canada, Japan or in any jurisdiction in which such an offer or solicitation would be unlawful (the “Excluded Territories”). Any securities issued in connection with an offering have not been and will not be registered under the US Securities Act of 1933, as amended, or under any applicable securities laws of any state, province, territory, county or other jurisdiction of the United States, Australia, Canada or Japan. Accordingly, unless an exemption under relevant securities laws is applicable, any such securities may not be offered, sold, resold, taken up, exercised, renounced, transferred, delivered or distributed, directly or indirectly, in or into the United States, Australia, Canada, Japan, or any other jurisdiction if to do so would constitute a violation of the relevant laws of, or require registration of such securities in, the relevant jurisdiction. There will be no public offer of securities in the United States.

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Below is participating bank contact information for investors (Institutional and Individual), as well as commonly asked questions.

Institutional investors

If you are an institutional investor, please get in touch with your normal contact.

Individual investors

If you are an individual investor, please check if your question has been answered in our below FAQ section which we update regularly.

If it is not, please get in touch with your bank. You can find the details of the bank contacts below.

National Commercial Bank


Saudi British Bank


Samba Financial Group


Saudi Investment Bank


Alawwal Bank


Arab National Bank


Albilad Bank


Aljazira Bank


Riyad Bank


Al Rajhi Bank


Alinma Bank


Banque Saudi Fransi


Gulf International Bank


Frequently asked questions

When can I subscribe for shares?

The offer period for institutional investors will begin on 20/3/1441H (corresponding to 17 November 2019G) and will close at the end of 7/4/1441H (corresponding to 4 December 2019G).
The retail offer period for individual investors will begin on 20/3/1441H (corresponding to 17 November 2019G) and will close at the end of 1/4/1441H (corresponding to 28 November 2019G).

Who is selling the shares?

The shares are being sold by the Company’s Shareholder, the Government of the Kingdom of Saudi Arabia.

What stock exchange will the shares be listed on?

The shares will be listed on Tadawul, the primary stock exchange in Saudi Arabia.

What do I need to do to buy shares?

You should read all the available information set out in the IPO prospectus, which has been published by the Company, in its entirety. For more information, you may contact your bank, one of the Joint Financial Advisors or the Receiving Banks listed on the Company’s website and in the IPO prospectus.

Where do I need to go to apply for shares?

Depending on your bank, there are a number of ways in which you can apply for shares. These include in-branch, via telephone and online banking, through ATMs and through other points of sale organized by the banks.
If you have any questions, please contact your bank.

My bank is not on the list, what should I do?

Only the banks listed on the Company website are able to take orders.
Please make contact with a bank of your choice from this list in order to discuss the application process.

Who can buy shares?

All Saudi nationals, GCC nationals and certain foreign nationals resident in Saudi with either a bank account or an investment portfolio with one of the registered banks.

Where is the application form?

The application form is available through the participating banks once the offer is open for subscriptions.
A list of the participating banks is listed on the Company website.

What is the minimum amount I will have to invest to be able to purchase shares?

The minimum subscription per retail investor is 10 shares. However, there is no maximum limit for retail investors as they may choose to apply for as many shares as they wish to, in multiples of 10 shares (e.g. 10, 20, 30, etc.).

What is the maximum amount I can invest?

There is no maximum.

How much will the shares cost?

A price range will be announced in the next few weeks.
The price range is the minimum and maximum price per share offered in the IPO.
The final share price will be set within this range at the end of the subscription period.

How does the IPO process work?

First, you should read all the available information about the IPO, including the prospectus, which has been published on the Company’s website. The IPO prospectus aims to provide prospective investors with material information with respect to, inter alia, the Company’s operations and financial performance, as well as the risk factors that may have an impact on investment in the offer shares.
The price range at which the shares are being offered will be published in due course and then you need to decide how much you would like to invest at the top of the price range.
If you decide to apply, you can do so by contacting one of the participating banks. The details of these are available on the Company website.
After you have made your application, you will be informed at the end of the process of how many shares were allocated to you and at what price.

Are there any bonus shares, share discounts or other incentives available for investing in the IPO?

Certain Saudi retail investors who continuously and uninterruptedly hold their shares for 180 days will receive one bonus share for every ten shares they purchase in the offering, up to a maximum of 100 bonus shares.

Can I apply on behalf of other family members, including children?

Only Saudi nationals are able to subscribe on behalf of their dependents. Please refer to the prospectus which you can find on the Company’s website.

How much should I invest?

You should make the decision whether or not to invest and how much to invest based on your own personal circumstances and only after having carefully considered all of the information contained in the prospectus, which you can find on the Company website. If you still have further questions please contact your financial advisor/bank.

Where do I find further information about Saudi Aramco?

The IPO prospectus issued by the Company is available on the Company’s website and on the websites of the Joint Financial Advisors.
You can also access the IPO section of Aramco’s website to review additional materials.

Who should I contact with additional questions?

You should speak to your bank, financial advisor and / or your lawyer.