Riyadh – Mubasher: Saudi Aramco, the world’s largest oil company, has released its 658-page prospectus after announcing plans to sell shares on the local Saudi Stock Exchange (Tadawul).
The prospectus was released in the early morning hours of Sunday, according to Aramco’s website.
The step comes after obtaining the approval of the Capital Market Authority (CMA) to apply for the registration and offering of part of its shares.
The prospectus includes all relevant information that the investor needs to know before making an investment decision, including the Company's financial statements, activities and management.
It is worth noting that the Royal Decree No. 16712, issued on 8 November, affirmed that the zakat obligations resulting from investments in the shares listed on the exchange will be settled.
“The Zakat amounts resulting from such investments will be calculated and deducted from tax payments by the Company and transferred to the zakat account at the Ministry of Finance for transfer eligible zakat recipients in accordance with applicable law,” Aramco said.
