Saudi Aramco announces end of share sale worth $11.2B

Saudi Aramco announces end of share sale worth $11.2B

RIYADH, Saudi Arabia — Oil giant Saudi Aramco on Tuesday announced the close of its secondary share sale that fetched $11.2 billion and attracted new foreign investors. The offering was the largest in the Middle East since Aramco’s initial public offering (IPO) in 2019, the firm said in a statement, providing a boost to Saudi

Aramco raises $11.2bn from secondary share offering

Saudi Aramco closed its secondary share offering on Tuesday, securing SAR42.1 billion ($11.2 billion) for the government exchequer. The proceeds from the offering will rise to SAR46.31 billion if the over-allotment option is exercised in full. The offering was the largest secondary offering in Europe, Middle East and Africa since 2000 and the largest equity offering in the Middle East after Aramco’s own initial public offering in 2019, it claime…

Al Ahly Financial Company, in its capacity as the subscription manager for the secondary offering of Saudi Aramco, announced the successful completion of the offering of the company's common shares. According to the company's statement on Tadawul, the government sold 1.545 billion of the company's shares through the offering, representing about 0.64% of the company's issued shares. Markets