Saudi Aramco's Shares Soar Following $11.2 Billion Secondary Offering

Saudi Aramco shares rose on Sunday, the first trading day after a secondary share offering expected to raise at least $11.2 billion. Shares opened at 27.95 riyals, up from Thursday's close of 28.3 riyals, and reached 28.35 riyals by 0730 GMT. The final price for the sale was set at 27.25 riyals.

Saudi Aramco's shares were higher on Sunday, the first trading day after a secondary share offering expected to raise at least $11.2 billion.

The shares had opened at 27.95 riyals a share, after closing the previous session on Thursday at 28.3 riyals, before climbing to 28.35 riyals by 0730 GMT. The secondary share sale's final price was set at 27.25 riyals, towards the lower end of the given price range.