Saudi Aramco's Stock Offer Priced at Bottom Range in Multi-Billion Sale
Friday, 7 June 2024, 09:17
Saudi Aramco Prices Stock Offering at Low End of Range
In a strategic move, Saudi Aramco has priced its stock offer at the lower end of the range in a significant $11.2 billion sale.
Targeting International Investors
The oil company is targeting international investors in a bid to attract a broad spectrum of stakeholders.
The move comes as the government seeks to raise funds after facing a substantial $3.3 billion budget deficit in the first quarter.
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