If this sale went through, Aramco would break its own record for most money raised through a stock sale. In 2019, the company raised $29.4 billion on the Saudi stock exchange, which is the current ...

Photo: fayez nureldine/Agence France-Presse/Getty Images Saudi Arabia’s government confirmed it plans to sell a portion of its stake in oil giant Aramco valued at up to $11.95 billion.

Write to Al Root at [email protected] Lucid Stock Is Rising. Saudi Arabia Completed Its Billion-Dollar Share Purchase.© Amer Hilabi/AFP via Getty Images Lucid Stock Is Rising.

Saudi Arabia is poised to raise more than $11.2 billion from the sale of shares in its crown jewel, oil giant Aramco, generating fresh cash for the country’s efforts to diversify its economy ...

Saudi Arabia said Friday, May 31, 2024, it will sell a second sliver of stock in its state oil giant Aramco worth billions of dollars, its first tranche since its initial public offering back in 2019.

Saudi Arabia's stock index rose 0.29%. The country's economic minister Faisal Ali Ibrahim said Saudi Arabia was ready for "multiple oil price scenarios" at the Qatar Economic Forum in Doha.

Saudi Arabia's benchmark stock index logged its worst session in six weeks, ending the day 1.2% lower, while most other major Gulf markets also closed in the red, as investors worried about ...