The Saudi Oil major- Aramco to offer a 1.5 per cent stake in the company in the price range of 30 to 32 riyals per share.
- The issue prices along with the 3 billion shares (1.5 per cent) value the Initial Public Offering of the company to over USD 25 billion, which further takes the market value of the oil giant to USD 1.6 to USD 1.7 trillion;
- The IPO would be offered to the Saudis and to the foreign institutions allowed to invest in the domestic stock market.
There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.
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