OIL AND GAS — Saudi Arabia is set to raise more than $11.2 billion from its secondary public share offering in state-controlled oil giant Aramco, after the stock was priced at the lower end of its expected range. The company on Friday said it will price the 1.545 billion of shares on offer at 27.25 Saudi riyal ($7.27) apiece, with the sale expected to take place when markets next open on Sunday. A range of between 26.70 and 29 Saudi riyals per share was floated in the firm's initial marketing... cnbc.com
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Thu Jun 05 2025 14:47:00 GMT+0000 (Coordinated Universal Time)
• Federal Government has announced the immediate suspension of Liquefied Petroleum Gas (LPG) exports
• Brent crude up to $82.86 a barrel on Thursday and the US West Texas Intermediate crude futures up to $78.03
• Saudi Arabia’s King Salman bin Abdulaziz Al-Saud has a lung inflammation and is receiving treatment
• Anthony Joshua knocked out Francis Ngannou in devastating fashion in the second round in Saudi Arabia
• Zelensky on Tuesday discussed with Saudi Crown Prince and Prime Minister Mohammed bin Salman
• Saudi Border Guards Accused of Mass Killing of Ethiopian Migrants at Yemen-Saudi Border
Saudi Arabia to raise more than $11.2 billion from its public share offering in state-controlled oil giant Aramco
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Published (Updated) on Friday, June 7, 2024
• Federal Government has announced the immediate suspension of Liquefied Petroleum Gas (LPG) exports
• Brent crude up to $82.86 a barrel on Thursday and the US West Texas Intermediate crude futures up to $78.03
• Saudi Arabia’s King Salman bin Abdulaziz Al-Saud has a lung inflammation and is receiving treatment
• Anthony Joshua knocked out Francis Ngannou in devastating fashion in the second round in Saudi Arabia
• Zelensky on Tuesday discussed with Saudi Crown Prince and Prime Minister Mohammed bin Salman
• Saudi Border Guards Accused of Mass Killing of Ethiopian Migrants at Yemen-Saudi Border
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