Is Saudi Aramco IPO a good investment?

Is Saudi Aramco a good stock?

For investors, it’s one big yawn. On Wednesday, Aramco closed at 34.80 Saudi riyals ($9.28), down 0.1% year to date. … The upshot: Aramco investors have missed out on the great rally in energy stocks this year.

Can I invest in Aramco IPO?

The world’s biggest public float, the initial public offer (IPO) of Saudi Aramco opens on November 17 with the final share price being determined on December 5 – a day after the issue closes for institutional investors. … Being an Indian citizen, you can still invest in the IPO.

Was Saudi Aramco IPO successful?

While this initial portion of the Aramco IPO has been quite successful, at the very least making some of the more vocal critics think twice, it did not achieve the ultimate goal of raising $100 billion for Saudi Arabia’s Public Investment Fund (PIF), and thus its efforts to diversify the Saudi economy.

Is Saudi Arabia a good investment?

Saudi Arabia holds exciting potential and opportunity for investors. A G20 economy with a young, highly educated population of more than 30 million people. It also boasts a strategic location at the heart of major trade routes crossing three continents and bountiful natural resources.

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Does Aramco pay dividends?

Aramco’s current payout lags that of its competitors in relative terms. Its indicated dividend yield is roughly 4%, while BP, Chevron and Exxon Mobil Corp. all pay above 5%.

Can I buy Saudi stocks?

Foreigners who want to invest in Saudi Arabian stocks generally work through one of the global institutions that do business there. Limits on foreign ownership prevent foreigners from gaining majority control of Saudi companies.

How can I buy Saudi oil stocks?

One of the easiest ways to get some exposure is to invest in the iShares MSCI Saudi Arabia ETF KSA, -0.41% , which is the only single-country exchange-traded fund for Saudi stocks. The ETF tracks a grouping of companies called the MSCI Saudi Arabia IMI 25/50 Index.

How can I get an international IPO?

Go to the investment section and select the IPO option. Fill your investment and bank account details to complete the verification process. Later select the IPO you want to apply for. Enter the number of shares and bid price.

Is Aramco on the NYSE?

Saudi Arabia decided not to list Aramco on a foreign exchange such as the New York Stock Exchange, where the kingdom would have less control over how shares were sold and marketed to investors. The vast majority of people and institutions that invested in the initial public offering, which started trading on Dec.

Is Saudi Aramco the biggest company in the world?

Agencies Saudi Aramco, which has been the largest public company since going public last year, had a market capitalization of $1.76 trillion as of last close.

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