Saudi Arabia to raise $11.2B in lower-priced Aramco share offer ...Kuwait

The New Arab - News
Saudi Arabia to raise $11.2B in lower-priced Aramco share offer
Saudi Arabia is poised to raise more than $11.2 billion from its secondary offering of oil giant Aramco's shares, after pricing them towards the lower end of a price range at 27.25 riyals ($7.27), people familiar with the matter told news agency Reuters on Friday. Aramco's book was covered four to five times near the bottom of the price range of 26.7 to 29 riyals, one of the people said. Aramco did not immediately give a comment. The Saudi government communications office did not immediately respond either. Foreign investment, which has repeatedly missed targets, is a key plank of Saudi de facto ruler Crown Prince Mohammed bin Salman's plan to diversify the economy aw

Hence then, the article about saudi arabia to raise 11 2b in lower priced aramco share offer was published today ( ) and is available on The New Arab ( Kuwait ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( Saudi Arabia to raise $11.2B in lower-priced Aramco share offer )

Apple Storegoogle play

Last updated :

Also on site :