June 2, 2024 2:29 PM

Saudi Arabia kicks off landmark Aramco share sale to raise up to $13 bln

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 banks on the deal will take institutional orders through Thursday and will price the shares the following day, with trading expected to start next Sunday on Riyadh's Saudi Exchange. The offering will be a gauge of Riyadh's appeal to foreign investors, a key plank of the kingdom's ambitious plan...