Announcement for June 10, 2024 at 04:31 PM GMT
THIS IS AN ANNOUNCEMENT FOR THE MSCI GLOBAL STANDARD INDEXES
The Government of the Kingdom of Saudi Arabia and SAUDI ARAMCO have announced a secondary public offering of 1.545 billion existing shares of SAUDI ARAMCO, representing approximately 0.64% of the company's issued shares.
The final offer price of SAR 27.25 was announced on June 7, 2024.
The post-event shareholding structure was announced on June 9, 2024.
- Implementation in MSCI Indexes -
MSCI will maintain SAUDI ARAMCO in MSCI Indexes with an increase in the Foreign Inclusion Factor (FIF) / Domestic Inclusion Factor (DIF) from 0.011 to 0.015 as of the close of June 12, 2024 (effective on June 13, 2024) on account of the secondary offering. In the calculation of SAUDI ARAMCO's FIF/ DIF post the offering based on the announced breakdown of shareholding post-allocation, MSCI considered the retail investors (individual) and international institutional investors as free float.
Any other changes in SAUDI ARAMCO's FIF/ DIF, including any potential changes resulting from further assessment of the domestic institutional investors, would be implemented at subsequent Index Reviews in accordance with the sections 3.1.7 and 3.1.8 of the MSCI Global Investable Market Indexes methodology.
THIS IS AN ANNOUNCEMENT FOR THE MSCI GLOBAL STANDARD INDEXES
End of announcement.
Further announcements may occur as needed.
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