Saudi Arabia set to raise $11.2 billion selling Aramco shares at lower end of expectations

Saudi Arabia is poised to raise more than $11.2 billion selling shares in oil giant Aramco (TADAWUL:2222) to help fund its spending plans, after pricing the stock at the lower end of expectations, the company said on Friday. Aramco shares were priced at 27.25 riyals ($7.27), near the bottom of a 26.7-to-29 riyals range used ...