Energy

Saudi Arabia plans Aramco share sale as soon as June

26 May 2024, 9:47 pm 1 minute

Reuters exclusively reported that Saudi Arabia is planning a multi-billion-dollar share sale in energy giant Aramco as soon as June in what would be one of the region’s biggest stock deals.

Market Impact

The Saudi government remains overwhelmingly Aramco’s biggest shareholder, with a 90% stake, and heavily relies on its payouts.

Article Tags

Topics of Interest: Energy

Type: Reuters Best

Sectors: Commodities & Energy

Regions: Middle East

Countries: Saudi Arabia

Win Types: Exclusivity

Story Types: Exclusive / Scoop

Media Types: Text

Customer Impact: Significant National Story

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