INSUBCONTINENT EXCLUSIVE:
after the initial public offering, its prospectus said on Saturday.The more than 600-page prospectus did not include details of how much of
the company would be floated in total or of any commitments from anchor investors.Sources have said the company could sell 1 per cent-2 per
prospectus said.Aramco fired the starting gun on the initial public offering (IPO) on November 3 after a series of false starts
Crown Prince Mohammed bin Salman is seeking to raise billions of dollars to diversify the Saudi economy away from oil by investing in
non-energy industries.Among the risks highlighted in the prospectus were the potential for terrorist attacks and the potential for
encountering antitrust legislation, as well as the right of the Saudi government to decide maximum crude output and direct Aramco to
undertake projects outside its core business.Aramco may also change its dividend policy without prior notice to its minority shareholders,
For a factbox on risk factors, clickAramco's oil facilities were targeted on September 14 in unprecedented attacks that temporarily shut
have a "statutory lockup period" for disposing of any shares after the listing for six months, and a contractual lockup period for 12
months.Aramco cannot list additional shares for a period of six months after trading starts, and will also be restricted from issuing
shouldn't be missed, the largest company in the world.holding aramco shares is an absolute gain", a Saudi with a twitter handle named
Abdulrahman wrote.Aramco has been in talks with Gulf and Asian sovereign wealth funds and wealthy Saudi individuals to secure top investors
of the IPO, but no anchor investor is yet to formally agree to a deal.The Russia-China Investment Fund is working to attract Chinese
investors for Aramco's planned IPO, the head of Russia's RDIF sovereign wealth fund said on Thursday.Bankers have told the Saudi
government that investors will likely value the company at around $1.5 trillion, below the $2 trillion valuation touted by Prince Mohammed
dashed last year when the process was halted amid debate over where to list Aramco overseas.Aramco said the timetable was delayed because it
was named as stabilizing agent for the deal.Analysts from banks working on the Riyadh bourse have projected a wide valuation range between
$1.2 trillion to $2.3 trillion.At the top valuation of $2 billion, Aramco could potentially raise $40 billion, topping the record-breaking
most valuable listed company, and seven times that of Exxon Mobil Corp, the biggest listed oil major by market capitalisation."Due to its
size and likely free float, Aramco should be eligible for fast-track inclusion in both the FTSE and MSCI Emerging Market indices within 10
days of the IPO," said Dominic Bokor-Ingram, senior portfolio manager, frontier markets, Fiera Capital (Europe).Get Breaking news, live
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