Saudi Aramco Shares Tick Higher on Stock Sale News ...Middle East

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Saudi Aramco Shares Tick Higher on Stock Sale News
source : OILPRICE ( Middle East ) () 67
Aramco’s shares climbed slightly higher today after media reports that the company planned to sell more shares as soon as next month. The news about a planned sale was exclusively reported by Reuters, which cited two unnamed sources as saying there were such intentions at Aramco. One of these sources said the deal could bag Aramco some $10 billion in proceeds. "Decisions about share sales are matters for our shareholders and are not something we are able to comment on," the company itself said in a response to the report. Aramco’s…

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