Saudi Aramco to meet investors in Dubai and Abu Dhabi: sources

By Marwa Rashad and Stanley Carvalho

RIYADH/ABU DHABI (Reuters) – Saudi plans meetings with investors in Dubai next week, sources said, in which it is seeking to raise up to $25.6 billion in the world’s biggest share sale.

The state oil giant and its advisors are hosting meetings at Dubai’s Ritz Carlton Hotel at the Dubai International Financial Centre on Nov. 24, said an investor who has seen the invitation.

Article continues below Advertisement…

Aramco also plans to meet investors in Abu Dhabi the day after, according to a second source at an firm.

Aramco could not be immediately reached for a comment.

The company this week canceled roadshows in New York and after it decided to not directly sell shares to investors in developed markets and go with a largely domestic-focused offering instead. [L8N27Y300]

Saudi Aramco on Sunday set an indicative for the deal, valuing the company at up to $1.7 trillion, below the $2 trillion sought by Saudi’s crown prince but putting it in the running to become the world’s biggest .

Disclaimer: Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the , it is one of the riskiest investment forms possible.

Source: Investing.com