Riyadh – Mubasher: Saudi Arabia Oil Company, globally known as Saudi Aramco, has allowed its Stabilising Manager, Goldman Sachs, to purchase an additional number of shares equal to up to 15% of the total number of shares sold in the offering (Over-allotment Shares) at the final offer price.

The Over-allotment Option will be exercisable in whole or in part upon notice by the Stabilising Manager at any time during the stabilising period, according to Aramco’s prospectus issued early Sunday.

“The Over-allotment shares will be the same class and have all the same rights as the Offer Shares, including with respect to all dividends and other distributions, and will be traded on the Exchange on the same terms and conditions as the offer shares,” the company said.

Aramco noted that the Goldman Sachs will disclose any allocation of over-allotments and price stabilisation processes undertaken in connection with the offering to the extent required by the stabilisation instructions.