Saudi Arabia takes orders for new Aramco share sale ...Kuwait

Saudi Arabia added four more banks to its secondary share offering of oil giant Aramco. The advisers began taking orders on Sunday for the sale, which could eventually raise up to $13.1 billion, 4 1/2 years after its record initial public offering. The Saudi government may sell up to a 0.7 percent stake in the world's top oil exporter. The deal's banks will take orders through Thursday, and the price will be the following day. The shares will start trading on Riyadh's Saudi Exchange next Sunday. The investment banks added to the deal since it was announced on Thursday are Credit Suisse Saudi Arabia, part of UBS Group, as a domestic book-runner alongside BNP Paribas, Ba

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Last updated : 02 June 2024 clock 02:04 PM

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Saudi Arabia takes orders for new Aramco share sale ...Kuwait

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