Saudi Aramco’s share offering is expected to raise at least $11.2 billion
Saudi Aramco ’s shares gained on Sunday, the first trading day after a secondary share offering expected to raise at least $11.2 billion.
Saudi Arabia placed over half of the Aramco share sale with foreign investors, two people with knowledge of the matter told Reuters on Saturday. One of them said multiple orders came from the United States, Britain, Hong Kong and Japan. Saudi de facto ruler Crown Prince Mohammed bin Salman’s Vision 2030 is funding endeavours as diverse as electric vehicles to building futuristic cities in the desert, mainly via the Public Investment Fund .
Riyal Riyals Investment Price Oil Vision Pif Public Investment Fund Aramco Saudi Aramco
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