Reported 4 months ago
Saudi Arabia is selling a 0.64% stake in Aramco to further the diversification of its economy, with the offering of 1.545 billion shares set to begin on June 2. The price range is anticipated to be between SAR 26.70 and SAR 29.00 per share. This move follows the kingdom's previous record-setting IPO in 2019 and is part of Crown Prince Mohammed bin Salman's economic diversification plan.
Source: YAHOO