New Saudi Aramco share offering to raise $11.2B for reforms

RIYADH, Saudi Arabia — Saudi oil giant Aramco on Friday said it would price its secondary offering at 27.25 Saudi riyals ($7.27) per share, in the lower end of its range, allowing it to raise $11.2 billion. The mostly state-owned jewel of the Saudi economy announced last week it would sell 1.545 billion shares, or
Read The Rest at :