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Saudi Aramco: Goldman Yet to Implement any Price Stability Transactions

Saudi Aramco: Goldman Yet to Implement any Price Stability Transactions

Tuesday, 24 December, 2019 - 19:00
A view shows branded oil tanks at Saudi Aramco oil facility in Abqaiq, Saudi Arabia October 12, 2019. (Reuters)
Asharq Al-Awsat

Saudi Aramco said Tuesday that Goldman Sachs may stabilize its shares after a record initial public offering earlier this month.


Stabilization agents support the share price by purchasing additional shares on the market.


The stabilization period will end on Jan. 9, but so far no transactions have been executed, it said in a statement.


Saudi Goldman Sachs had announced the possibility of managing the process of price stability for securities, in accordance with the instructions of regulating the price stability mechanism for initial offers.


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