Saudi Aramco Announce Secondary Placement Of Shares
Date
5/31/2024 3:11:13 PM
(MENAFN- AzerNews) By Alimat Aliyeva
Saudi Aramco oil company has announced a secondary placement ofshares, which will begin on June 2, Azernews reports.
According to the statement, the range of the share placementprice will be from 26.7 to 29 Saudi reais per share (about $7.1-7.7per share). In total, the company plans to place 1.545 billion, or 0.64% of all shares. 154.5 million shares will beavailable to retail investors.
The initial public offering (IPO) of Saudi Aramco at the end of2019 was the largest in history and amounted to almost $ 30billion. The company's shares are currently trading around 29 rials($7.7) apiece.
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