President and CEO of Saudi Aramco Amin H Nasser (File photo)
President and CEO of Saudi Aramco Amin H Nasser (File photo)

Saudi Aramco to sell 1.5 pc of shares on local stock exchange

ANI | Updated: Nov 17, 2019 14:48 IST

Moscow [Russia], Nov 17 (Sputnik/ANI): Saudi Arabia's state oil company Saudi Aramco announced on Sunday that it planned to sell 1.5 per cent of its company shares on the local Saudi stock exchange, the Tadawul, for the price of USD 8- to USD 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 USD 25.6 billion.
The final share price will be announced on December 5. (Sputnik/ANI)

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