Saudi Aramco to Sell 1.5% of Shares on Local Stock Exchange Starting at $8 per Share
MOSCOW (Pakistan Point News / Sputnik - 17th November, 2019) Saudi Arabia's state oil company Saudi Aramco announced on Sunday that it planned to sell 1.5 percent of its company shares on the local Saudi stock exchange, the Tadawul, for the price of $8-$8.
5 per share.
The much anticipated move will make a total of about 3 billion shares available, making Saudi Aramco's initial public offering worth up to $25.6 billion.