Saudi Aramco IPO proceeds rise to $29.4b after option exercised

Saudi Aramco IPO proceeds rise to $29.4b after option exercised

REUTERS/Hamad I Mohammed/File Photo

The proceeds from Saudi Aramco’s record initial public offering have risen to $29.4 billion after the oil company exercised an option to sell 15% more stock, an executive at one of the banks leading the deal told Al Arabiya news channel on Monday.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter