Saudi Aramco Set to Announce Secondary Share Sale ...Middle East

Saudi Arabia is expected to launch as soon as Sunday a secondary share sale in its oil giant Aramco, Reuters reported on Thursday, quoting sources familiar with the plans. The landmark new share offering needs final approval from Saudi Crown Prince Mohammed bin Salman, according to Reuters’ sources. Last week, reports started emerging that Saudi Aramco planned to sell more shares as soon as next month. The news about a planned sale was exclusively reported last Friday by Reuters, which cited two unnamed sources as…

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