Saudi Aramco Stock Offering Poised to Raise $11.2 Billion

Saudi Arabia aims to raise over $11.2 billion by pricing its Aramco stock offering toward the lower end of the targeted range. Each share is expected to be priced at 27.25 Saudi riyals, equivalent to $7.27. This move is part of the country's larger economic strategy.

Saudi Arabia is set to raise more than $11.2 billion after pricing its offering of Aramco stock toward the lower end of the targeted range, the Wall Street Journal reported on Thursday.

Saudi Aramco's bankers have told investors it plans to price the shares at 27.25 Saudi riyals, or $7.27 each, according to the report.

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