Saudi Aramco's International Investor Surge: A $11.2 Billion Boost

Over half of Saudi Aramco's share sale has been allocated to foreign investors, according to insider sources. Saudi Arabia aims to raise over $11.2 billion from this transaction to fund its spending plans. This significant move underscores the global interest in the state oil giant's shares.

Over half of the Saudi Arabian state oil giant's share sale transaction has been allocated to foreign investors, two people with knowledge of the matter told Reuters on Saturday.

Saudi Arabia is poised to raise more than $11.2 billion selling shares in Aramco to help fund its spending plans.