Aramco Plans To List Additional $50 Billion In Shares

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Aramco Plans To List Additional $50 Billion In Shares

Saudi Arabia's oil giant Aramco is dusting off plans to sell more of its shares, aiming for a $50-billion share sale on the domestic stock exchange with a possible secondary listing abroad, in what could be the world's biggest share sale ever, The Wall Street Journal reported on Friday, quoting sources with knowledge of Aramco's plans. At the end of 2019, it was Saudi Aramco that set the record for the world's largest initial public offering (IPO), when it sold 1.7 percent in the company and raised $29.4 billion in the share...

Source: Aramco Plans To List Additional $50 Billion In Shares

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