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  • Aramco $12 billion stock sale attracts swift global investor interest, marking the largest such deal globally in three years.
  • Demand for Aramco shares fills up rapidly, signaling a significant shift from local to international investor interest, bolstering Saudi Arabia’s economic overhaul efforts.

Aramco (Saudi Arabian Oil Company: 2222.SR) is set to make waves in global markets with its ambitious $12 billion stock sale, aimed at financing Saudi Arabia’s economic transformation.

According to a Bloomberg report, this endeavor marks the largest such deal globally in three years, with the oil giant expected to raise around $11.2 billion.

In a strategic move, the Saudi government plans to offer approximately 1.55 billion Aramco shares at a price of $7.27 (27.25 SR) each, representing a 6% discount based on the stock’s recent closing price.

Within hours of the announcement, all available shares were in demand, showcasing significant interest from both local and international investors.

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