Today: September 30, 2024
Today: September 30, 2024

Saudi Arabia to sell 0.64% Aramco stake

FILE PHOTO: General view of Aramco's oil field in the Empty Quarter
June 15, 2024
Reuters

(Reuters) - Saudi Arabia is selling a 0.64% stake in oil giant Aramco as the kingdom pushes ahead with Crown Prince Mohammed bin Salman's plan to diversify the economy. Saudi Arabia is offering 1.545 billion Aramco shares and the offering period will commence on June 2. The price range is expected to be between SAR 26.70 and SAR 29.00 per share, as per the statement on Thursday.The offering is the culmination of a years-long effort to sell another chunk in one of the world's most valuable companies after its record-setting IPO in 2019.

Read More

Related

Business|Election|Technology

Trump launches a new business venture during his campaign: $100,000 watches

He has sold Bibles, sneakers, photo books and cryptocurrency during his third campaign for president

Trump launches a new business venture during his campaign: $100,000 watches
Business|News

Boeing and union negotiators set to meet for contract talks 2 weeks into worker strike

The union representing Boeing’s striking factory workers in the Pacific Northwest says it expects to resume negotiations with the company on Friday

Boeing and union negotiators set to meet for contract talks 2 weeks into worker strike
Business|Economy|News|Technology

Google expert at antitrust trial says government underestimates competition for online ad dollars

An expert witness testifying for Google says an antitrust case brought against the tech giant drastically underestimates the company's competition

Google expert at antitrust trial says government underestimates competition for online ad dollars
Share This

Popular

Business|Economy|Election|News

Trump's promises to auto plant workers fell short. Why some say they'll still vote for him

Trump's promises to auto plant workers fell short. Why some say they'll still vote for him
Business|Economy|News

Rust Belt voters affected by manufacturing collapse weigh their 2024 options

Rust Belt voters affected by manufacturing collapse weigh their 2024 options
Business|News|Technology

Safety board says pedals pilots use to steer Boeing Max jets on runways can get stuck

Safety board says pedals pilots use to steer Boeing Max jets on runways can get stuck
Business|Education|Environment|Science

Brewing a cold beer on a warming planet is hard. Germany uses education to fight climate change

Brewing a cold beer on a warming planet is hard. Germany uses education to fight climate change