Reported 4 months ago
Saudi Aramco's $12 billion stock sale sold out shortly after opening, showing high demand as the government seeks funds for an economic transformation plan. The deal attracted a mix of local and foreign investors, reflecting interest in Saudi assets. The stock's appeal includes one of the world's largest dividends, with the company offering a $124 billion annual payout. The government aims to use the proceeds to diversify the economy and fill budget deficits, aligning with Saudi Arabia's ongoing financial strategies.
Source: YAHOO