Aramco to transfer free shares to Saudi investors next week

Saudi individuals will also receive bonus shares. (File/Reuters)

• Aramco began identifying those who were due and depositing free shares on June 8

RIYADH: Saudi Aramco said on Sunday that the Kingdom’s government has set a date for the transfer of free shares to the investment portfolios of individual Saudi investors.
Saudi Arabia, which is the oil company’s seller shareholder, set the date for the transfers on Saturday, July 25, 2020.
Saudi Aramco, one of the largest companies in the world, is in the process of putting a portion of its ownership into public trading through an initial public offering (IPO).