Saudi Arabia’s Aramco Share Sale Priced at $7.27 Apiece

Saudi Arabia's share sale in oil-gaint Saudi Aramco will be priced at 27.25 riyals ($7.27) per share, the company said on Friday.

The stake sale, a first since Aramco's record-setting IPO in 2019, was announced last week in a landmark deal to help fund Crown Prince Mohammed bin Salman's plan to diversify the economy.

($1 = 3.7504 riyals)