The Government of the Kingdom of Saudi Arabia and Saudi Arabian Oil Company (Saudi Aramco) have announced the launch of a secondary public offering (SPO) of 1.545 billion ordinary shares, representing approximately 0.64% of the company’s issued shares. The offering is set to commence on Sunday, June 2, 2024, marking a significant event in the global energy market. The price range for the offered shares is expected to be between SAR 26.70 and SAR 29.00 per share. To cover potential short positions resulting from any over-allotments, the Government…
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