By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
businesspressbusinesspressbusinesspress
Notification Show More
Font ResizerAa
  • Home
  • Interview
  • News
  • Press Release
  • Event
  • Real Estate
  • Finance
  • Technology
  • Business
  • Startups
Reading: Aramco Shares will be Sold for 27.25 riyals, Helping Saudi Arabia Raise $11.2 Billion.
Share
Font ResizerAa
businesspressbusinesspress
  • Home
  • Interview
  • News
  • Press Release
  • Event
  • Real Estate
  • Finance
  • Technology
  • Business
  • Startups
  • Home
  • Interview
  • News
  • Press Release
  • Event
  • Real Estate
  • Finance
  • Technology
  • Business
  • Startups
Have an existing account? Sign In
businesspress > Blog > Business > Aramco Shares will be Sold for 27.25 riyals, Helping Saudi Arabia Raise $11.2 Billion.
BusinessNews

Aramco Shares will be Sold for 27.25 riyals, Helping Saudi Arabia Raise $11.2 Billion.

BusinessPress
Last updated: June 8, 2024 8:57 pm
BusinessPress
Published June 8, 2024
Share
SHARE

Saudi Arabia, which priced the oil giant Aramco’s stock at the lower end of estimates, is set to raise more than $11.2 billion by selling its shares. This will aid in funding its spending plans. The company made the announcement on Friday.

Near the bottom of a 26.7–29 riyal ra

An immediate request for comment on the demand was not answered by the Saudi government or Aramco.

In an attempt to wean itself off of its reliance on oil, Saudi Arabia has been courting foreign investment to invest tens of billions of dollars in projects. But foreign investment has consistently fallen short of expectations.

Through its Public Investment Fund, Vision 2030, the de facto ruler of Saudi Arabia, Crown Prince Mohammed bin Salman, is funding projects ranging from electric vehicles to futuristic cities in the desert.

For the person who knows the situation, the offering was covered four or five times. According to the person and two other people familiar with the matter, foreign demand for the stock was higher than anticipated and exceeded that of Aramco’s historic IPO in 2019. One stated that demand came from Europe and London, while another stated that interest came from China and other parts of Asia.

Also Read:

Strong First Quarter Starup Results for Sartoro Genev

PhonePe Partners With a Ride-Hailing Service in Sri Lanka to facilitate UPI Payments. 

 

 

 

 

You Might Also Like

MCX Gold Futures Marginally Increase; Silver Falls Below ₹80,000

Presenting the 2024 Mr. and Ms. Fitness & Health

Trump said Russia and Ukraine Would Immediately” Begin Peace Negotiations

Oil Falls more Than $1 Due to Weak Demand Highlighted By the Opec+ Decision.

Busan’s plastic Summit Concludes without a Pact

Share This Article
Facebook Email Print
Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recipe Rating




Follow US

Find US on Social Medias
Facebook X-twitter Instagram Linkedin
Popular News

Are your Fitness GHoals Slipping away? Recognise your Mistakes.

BusinessPress
BusinessPress
May 21, 2024
To Commemorate their Historic Champions League Victory, Macron Invites the PSG Squad to the Presidential Palace
Nikkei 225, Kospi Climb as Japan PM Resigns, China Trade Data Boosts Sentiment
Trump Was Not Elected to be Emperor of the World, According to Brazilian President Lula, as The US-Brazil Conflict Intensifies
The Federal Government No Longer Funds Free COVID Vaccines

Categories

  • Business
  • Crypto
  • Event
  • Fashion
  • Finance
  • Gaming
  • Health & Fitness
  • Interview
  • Lifestyle
  • Marketing
  • News
  • Opinion
  • Photography
  • Press Release
  • Real Estate
  • Science
  • Social Media
  • Software
  • Startups
  • Technology
  • Uncategorized
  • World
Reading: Aramco Shares will be Sold for 27.25 riyals, Helping Saudi Arabia Raise $11.2 Billion.
Share

About US

Business Press is an online media platform dedicated to providing valuable insights into the business world, covering a wide range of niches including technology, finance, marketing, health, artificial intelligence, events, software, cryptocurrency, and more. With a team of experienced journalists and industry experts, Business Press delivers the latest trends, analysis, opinion pieces, and exclusive interviews, catering to the needs of entrepreneurs, professionals, and business enthusiasts. The platform is committed to offering content that is informative, engaging, and thought-provoking, helping readers stay ahead in the ever-evolving business landscape.

Contact Now

sales@businesspress.online
+91.9899630849

© Business Press 2025. All Rights Reserved.
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?