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Hace 40 minutos · Aramco will on Sunday kick off a share sale to raise about $12 billion for Saudi Arabia, one of the biggest deals in recent years that will test investor interest in the kingdom’s assets. Saudi Arabia is looking to attract more international shareholders after Aramco’s mega IPO five years ago turned out to be largely a local affair.
Hace 4 horas · The kingdom, which will continue to own a large majority of the company, could raise an additional $1.2 billion if it exercises an option to sell more shares as part of the offering. Aramco will on Sunday kick off a share sale to raise about $12 billion for Saudi Arabia, one of the biggest deals in recent years that will test investor interest ...
Hace 4 horas · Financially, Saudi Aramco reported a net profit of $27.27bn for the first quarter of 2024, a 2.04 percent increase from the previous quarter.
Hace 4 horas · Saudi Arabia’s government plans to sell a new stake in state oil giant Aramco worth more than $10 billion, the company announced on Thursday, in one of the biggest such offerings in recent years. In a statement posted to the Saudi stock exchange, Aramco announced a “secondary public offering of 1.545 billion shares,” with an expected price range between 26.70 and 29 Saudi riyals ($7 to ...
Hace 4 horas · Saudi Aramco announced plans to sell 1.545 billion shares valued at over $10 billion on Thursday. The “secondary public offering” will feature shares priced between SR 26.70 and 29 ($7 to $7.70), with the sale commencing on Sunday on the Saudi stock exchange.
Hace 1 día · DUBAI, United Arab Emirates — Saudi Aramco, the world’s largest oil company, announced on Friday that it will offer a second tranche of its stock, worth billions of dollars, marking its first stock sale since its initial public offering (IPO) in 2019. This move is part of the kingdom’s broader strategy to diversify its economy […]
Hace 1 día · On May 12, Saudi Aramco revealed that its net profit for the first quarter of this year reached $27.27 billion, representing a rise of 2.04 percent compared to the last three months of 2023.
