Saudi Aramco to Sell Small Stake on Riyadh ExchangeSource: www.export-egypt.com 11/17/2019, Location: Middle East |
|
|
|
|
|
Saudi Arabia's state oil giant Saudi Aramco is going to sell a 1.5% stake in its company on Riyadh's stock exchange.
That's according to documents released on Sunday by the company. The company says it will have 200 billion regular shares. A 1.5% stake in the company would be around 3 billion shares. It put the price range of its stock up to 32 Saudi riyals, or $8.50. That 1.5% stake, at that top price, would raise as much as 104 billion Saudi riyals, over $27.7 billion. Its low-end range was 30 Saudi riyals, or $8. That 1.5% stake, at that price, would raise as much as 90 billion Saudi riyals, about $24 billion. That would put the overall valuation of the company between $1.6 trillion and $1.7 trillion. |
|
|
Financials and Investment News in Saudi Arabia >> |
 |
|||||
| Saudi Arabia Oil & Gas 1 >> 2 | 3 | 4 | 5 | 6 | 7 | |
