June 07, 2024 BY Elizabeth Anderson

Aramco’s $12bn Stock Sale Attracts Global Investor Attention

Based on a Bloomberg report, this would be the “biggest such deal globally in three years”. Unnamed sources indicated that the Saudi government is aiming to sell approximately 1.55 billion Aramco shares at roughly $7.27 (27.25 SR) each – constituting a 6% discount based on the stock’s closing price prior to this announcement. Hours after…

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