Explore stories from Atlantic Canada.
Making Phyllo Parcels with a Greek Yaya | SaltWire #halifaxnovascotia #greekfood #cookingDUBAI -Saudi Arabia kicked off a secondary share sale in oil giant Aramco on Sunday, a landmark deal that could raise up to $13.1 billion in a major test of international appetite for the kingdom's assets.
The sale will also bolster efforts by the government to wean itself off its"oil addiction", as Saudi de facto ruler Crown Prince Mohammed bin Salman once called it, analysts and sources have said. If all the shares are sold, the Saudi government will be cutting its stake in the world's top oil exporter by 0.7%.
The de facto Saudi-led Organization of the Petroleum Exporting Countries and allies led by Russia, together known as OPEC+, is currently cutting output by a total of 5.86 million barrels per day , equal to about 5.7% of global demand.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Saudi Arabia to Sell Aramco Stake That May Raise $10 BillionSaudi Arabia confirmed plans for a secondary share sale for its giant state-owned oil company in a deal that could raise over $10 billion for the kingdom as it seeks funds to pay for a massive economic transformation plan.
Read more »
Saudi Arabia may announce secondary share offering in Aramco ThursExplore stories from Atlantic Canada.
Read more »
Saudi Arabia Set to Launch $10 Billion Aramco Share Sale SundaySaudi Arabia is preparing to formally launch a secondary offering of shares in oil giant Saudi Aramco as soon as Sunday that could raise more than $10 billion, according to people familiar with the matter.
Read more »
Saudi Arabia plans Aramco share sale as soon as June, sources sayThe offering could raise around $10-billion, a person familiar with the move said, as the Saudi government continues to put an expanded private sector and non-oil growth at the centre of its development
Read more »
Saudi Arabia Seeks Up to $12 Billion in Aramco Stake Sale(Bloomberg) -- Saudi Arabia confirmed plans to sell shares in its giant state-owned oil company in a deal that could raise as much as 44.8 billion Saudi...
Read more »
Saudi Arabia to sell 0.64% Aramco stakeExplore stories from Atlantic Canada.
Read more »