Solid demand for Aramco's $12 billion stock offer
Edited By WION Video Desk
Published: Jun 05, 2024, 05:55 IST | Updated: Jun 05, 2024, 05:55 IST
Saudi Arabia's sale of shares in oil giant aramco has garnered significant demand, surpassing the stock on offer within hours of its initiation. The deal, anticipated to raise up to $13.1 billion, serves as a pivotal test of international interest in the kingdom's assets. Scheduled to conclude institutional orders by Thursday, pricing of shares will ensue the following day, with trading expected to commence on Riyadh's Saudi exchange the subsequent Sunday.
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