Reported about 1 year ago
Foreign investors are expected to receive about 60% of the shares in Saudi Aramco's $11.2 billion stock sale, marking a shift from the 2019 listing that was predominantly local. The deal attracted strong demand from the US and Europe, with funds from the UK, Hong Kong, and Japan also supporting the share sale. Despite concerns over valuation expectations, Aramco's attractive dividend, among the world's largest, contributed to the successful offering, with Saudi Arabia drawing enough bids within hours to cover all shares.
Source: YAHOO