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Saudi Aramco to sell 1.5 pc of shares on local stock exchange

ANI  |  Asia 

Saudi Arabia's state oil company Saudi Aramco announced on Sunday that it planned to sell 1.5 per cent of its company shares on the local Saudi stock exchange, the Tadawul, for the price of USD 8- to USD 8.5 per share.

The much-anticipated move will make a total of about 3 billion shares available, making Saudi Aramco's initial public offering worth up to USD 25.6 billion.

The final share price will be announced on December 5.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Sun, November 17 2019. 14:48 IST