Saudi Arabia's largest oil company Aramco plans to launch a secondary public offering (SPO) of 1.545 billion ordinary shares, which represents around 0.64% of the company's issued shares. This offer will start on Sunday, June 2, 2024.
Reporting from the Reuters page, the Saudi Arabian government submitted documents to sell new shares in state oil giant Aramco (2222. SE), which would allow the company to raise as much as $13.1 billion. The launch was a deal to fund Crown Prince Mohammed bin Salman's plans to diversify into oil. economy.
In the main part of the deal, Saudi Arabia could raise as much as $12 billion by offering about 1.545 billion Aramco shares, equivalent to about 0.64% of the company, if the sale price is at the high end of 26.7 ($7.12). ) up to 29 riyals. , according to Aramco's filing on the Saudi Riyadh Exchange.
Yesterday US crude oil prices continued their previous price decline and reached a low of 78.79. Even though the previous day had reached the price level of 80.38, this did not last long and oil fell again to levels below 80.
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Reporting from the Reuters page, the Saudi Arabian government submitted documents to sell new shares in state oil giant Aramco (2222. SE), which would allow the company to raise as much as $13.1 billion. The launch was a deal to fund Crown Prince Mohammed bin Salman's plans to diversify into oil. economy.
In the main part of the deal, Saudi Arabia could raise as much as $12 billion by offering about 1.545 billion Aramco shares, equivalent to about 0.64% of the company, if the sale price is at the high end of 26.7 ($7.12). ) up to 29 riyals. , according to Aramco's filing on the Saudi Riyadh Exchange.
Yesterday US crude oil prices continued their previous price decline and reached a low of 78.79. Even though the previous day had reached the price level of 80.38, this did not last long and oil fell again to levels below 80.
View attachment 7076
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