For Armco IPO share allocation mechanism please Click Here
Please note that according to Saudi Stock Exchange (Tadawul) instructions, the proceeds of selling your shares will be deposited into your account after two working days from the selling date.
How to sell Aramco IPO shares through AlJazira Online or AlJazira SMART:
Note, customers can only sell all of their shares quantity at once, and cannot partially sell it. To sell part of your shares quantity or sell with a different price please contact AlJazira Capital through their website www.tadawulcom.com.sa
You will have three options to close your IPO finance:
The option to transfer funds from your main account to settle the outstanding finance. This available for you at anytime.
You will have the option of requesting to sell your shares to settle the outstanding IPO finance.
You will also have the option to refinance your outstanding IPO finance for further 6 month.
Note, the finance profit is 1.99% which will be deducted fully upfront from your current account.
How to Refinance Aramco IPO through AlJazira Online or AlJazira SMART:
The IPO Refinancing will be available through AlJazira online and AlJazira Smart.
“Eligible Retail Bonus Investor” means a Saudi Arabian national, including Saudi female divorcee or widow with minor children from a marriage to a non-Saudi person; provided that if a Retail Subscription Application Form is submitted for a Saudi Arabian national applying for himself or herself and other persons appearing on such Saudi Arabian national’s family book, then each such family member who is a Saudi Arabian national will be considered to be an Eligible Retail Bonus Investor.
Each Eligible Retail Bonus Investor is entitled to this incentive only if they subscribe to shares during the subscription period and not after the first day of trading.
The bonus shares for the eligible dependents will be deposited to the prime subscriber’s investment portfolio where all the IPO shares will be deposited.