LBCI

Saudi Arabia to sell 0.64% Aramco stake as kingdom pushes to diversify its economy

Middle East News

30-05-2024 | 13:43

Share

Share

Saudi Arabia to sell 0.64% Aramco stake as kingdom pushes to diversify its economy

Saudi Arabia is selling a 0.64 percent stake in oil giant Aramco as the kingdom pushes ahead with Crown Prince Mohammed bin Salman's plan to diversify the economy.

Saudi Arabia is offering 1.545 billion Aramco shares and the offering period will commence on June 2. The price range is expected to be between SAR 26.70 and SAR 29.00 per share, as per the statement on Thursday.

The offering is the culmination of a years-long effort to sell another chunk in one of the world's most valuable companies after its record-setting IPO in 2019.

Reuters

Middle East News

Saudi Arabia

Aramco

Crown Prince Mohammed Bin Salman

Economy

Next

Israeli army claims intercepting drone launched from Syria

Recommended For You

Bulgaria 'welcomes' release of Israeli-Bulgarian hostage from Gaza

Israel-Gaza War Updates

09:55

Bulgaria 'welcomes' release of Israeli-Bulgarian hostage from Gaza

Yemen's Houthis release 153 detainees with Red Cross support

Middle East News

08:44

Yemen's Houthis release 153 detainees with Red Cross support

Seventy freed and 'deported' Palestinian prisoners reach Egypt: State-linked media

Israel-Gaza War Updates

08:32

Seventy freed and 'deported' Palestinian prisoners reach Egypt: State-linked media

Crowds of Palestinians erupt in joy as freed prisoners reach Ramallah: AFP

Israel-Gaza War Updates

08:10

Crowds of Palestinians erupt in joy as freed prisoners reach Ramallah: AFP

Subscribe to our VOD

SUBSCRIBE

Our visitors readings

Hamas releases four Israeli hostages in second swap

Israel-Gaza War Updates

05:04

Hamas releases four Israeli hostages in second swap

Israel's army says concerned for 'fate' of last child hostages in Gaza

Israel-Gaza War Updates

07:30

Israel's army says concerned for 'fate' of last child hostages in Gaza

Al-Qassam Brigades reveals names of the four Israeli female soldiers to be released

Israel-Gaza War Updates

2025-01-24

Al-Qassam Brigades reveals names of the four Israeli female soldiers to be released

Independent and change MPs back Joseph Aoun for Lebanon's presidency

2025-01-08

Independent and change MPs back Joseph Aoun for Lebanon's presidency

Videos

LBCI exclusive footage shows aftermath of Israeli army presence in Tayr Harfa, south Lebanon

06:18

LBCI exclusive footage shows aftermath of Israeli army presence in Tayr Harfa, south Lebanon

French-language news returns to Tele Liban after 24 years with "Le Journal" starting Thursday

2025-01-23

French-language news returns to Tele Liban after 24 years with "Le Journal" starting Thursday

Lebanese army allows residents to return to southern villages

2025-01-22

Lebanese army allows residents to return to southern villages

PM-designate Nawaf Salam meets President Joseph Aoun at Baabda Palace for continued talks

2025-01-21

PM-designate Nawaf Salam meets President Joseph Aoun at Baabda Palace for continued talks

Unexploded Israeli booby trap discovered in home in South Lebanon's Meiss El Jabal (Video)

2025-01-16

Unexploded Israeli booby trap discovered in home in South Lebanon's Meiss El Jabal (Video)

Lebanon's First Lady Neemat Aoun addresses the press, affirms commitment to rebuild South Lebanon (Video)

2025-01-14

Lebanon's First Lady Neemat Aoun addresses the press, affirms commitment to rebuild South Lebanon (Video)

LBCI captures scenes of destruction in southern Lebanese town of Chamaa following Israeli attacks

2025-01-13

LBCI captures scenes of destruction in southern Lebanese town of Chamaa following Israeli attacks

Presidential images of Army Commander Joseph Aoun printed (Video)

2025-01-08

Presidential images of Army Commander Joseph Aoun printed (Video)

LBCI documents scenes of destruction in Naqoura and Aalma in South Lebanon

2025-01-08

LBCI documents scenes of destruction in Naqoura and Aalma in South Lebanon

Most read

24 hours

7 days

Month

Political factions clash: Lebanon's government unlikely to be formed before completing first phase of ceasefire deal

1

Political factions clash: Lebanon's government unlikely to be formed before completing first phase of ceasefire deal

White House urges immediate extension of ceasefire in Lebanon

2

White House urges immediate extension of ceasefire in Lebanon

Lebanese Army deploys in southern villages as 60-day ceasefire deadline approaches

3

Lebanese Army deploys in southern villages as 60-day ceasefire deadline approaches

Staying beyond deadline: Israel insists on delaying withdrawal from Lebanon, citing Hezbollah threats

4

Staying beyond deadline: Israel insists on delaying withdrawal from Lebanon, citing Hezbollah threats

Lebanese army stresses adherence to directives, vows readiness for full deployment in border zones

5

Lebanese army stresses adherence to directives, vows readiness for full deployment in border zones

France's Macron informs President Joseph Aoun of ongoing efforts to maintain ceasefire agreement

6

France's Macron informs President Joseph Aoun of ongoing efforts to maintain ceasefire agreement

UAE Embassy in Beirut resumes operations, signaling renewed bilateral cooperation

7

UAE Embassy in Beirut resumes operations, signaling renewed bilateral cooperation

Lebanese army secures former Palestinian militant sites in Tripoli, Lebanon

8

Lebanese army secures former Palestinian militant sites in Tripoli, Lebanon

Download now the LBCI mobile app

To see the latest news, the latest daily programs in Lebanon and the world

Google Play

App Store

Download now the LBCI mobile app

We use
cookies

We use cookies to make
your experience on this
website better.

Accept

Learn More