Analytics

Saudis Said to Hand About 60% of Aramco Offer to Foreigners

Bloomberg reports that deal said to have generated strong demand from the US, Europe. Offer said to get orders worth as much as $65 billion in total.
Saudis Said to Hand About 60% of Aramco Offer to Foreigners
Foreign investors were allocated about 60% of the shares on offer in Saudi Aramco’s $11.2 billion stock sale, people familiar with the matter said, marking a turnaround from the oil giant’s 2019 listing that ended up as a largely local affair. The deal generated strong demand from the US and Europe, according to the people, who declined to be identified... ...

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