{"id":13388,"date":"2024-05-28T09:01:08","date_gmt":"2024-05-28T06:01:08","guid":{"rendered":"https:\/\/ch.jfdi.cc\/?p=13388"},"modified":"2024-05-28T09:01:08","modified_gmt":"2024-05-28T06:01:08","slug":"saudi-arabia-plans-aramco-share-sale-as-soon-as-june-according-to-sources","status":"publish","type":"post","link":"https:\/\/ch.jfdi.cc\/?p=13388","title":{"rendered":"Saudi Arabia plans Aramco share sale as soon as June, according to sources"},"content":{"rendered":"<div><img decoding=\"async\" src=\"http:\/\/ch.jfdi.cc\/wp-content\/uploads\/2024\/05\/saudi-arabia-plans-aramco-share-sale-as-soon-as-june-according-to-sources.jpg\" class=\"ff-og-image-inserted\"><\/div>\n<p>Saudi Arabia is planning a multi-billion-dollar share sale in energy giant Aramco (2222.SE) as soon as June in what would be one of the region\u2019s biggest stock deals, two people familiar with the matter said.<\/p>\n<p>The offering could raise around $10 billion, one of the people said. The preparations are ongoing and the details could still change, the sources said, who were speaking on condition of anonymity because the matter is private.<\/p>\n<p>The shares will be listed in Riyadh and it will be a fully marketed offering rather than an accelerated sale over a few days, they added.<\/p>\n<p>\u201cDecisions about share sales are matters for our shareholders and are not something we are able to comment on,\u201d Aramco said. The government\u2019s communication office did not immediately respond to a request for comment.<\/p>\n<p>Banks including Citigroup (C.N), Goldman Sachs (GS.N) and HSBC (HSBA.L) had previously been lined up to manage the sale, Reuters has reported.<\/p>\n<p>Saudi Arabia has embarked on an economic transition known as Vision 2030, which puts an expanded private sector and non-oil growth at the centre of its future development. The Saudi government remains overwhelmingly Aramco\u2019s biggest shareholder, with a 90 per cent stake, and heavily relies on its payouts.<\/p>\n<p>Aramco expects to pay $31 billion in dividends, the company said earlier this month, despite reporting lower earnings for the first quarter amid lower oil prices and volumes sold.<\/p>\n<p>Since its initial public offering in 2019, the world\u2019s biggest IPO, Aramco shares have risen from an IPO price of 32 riyals to a high of 38.64 riyals a year ago.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Saudi Arabia is planning a multi-billion-dollar share sale in energy giant Aramco as soon as June, with the offering expected to raise around  billion.<\/p>\n","protected":false},"author":3,"featured_media":13389,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"Default","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[11419,611,3348,279,3146,5193,3818,10272,260,641,358,4081,415,3767,2437,2764,11418,4593,5076,2057,5838,1033,9744,2871,6106,949,3801,3798,7731,10273,7045,10299,6305,18],"class_list":["post-13388","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-other","tag-aramco","tag-banks","tag-change","tag-comment","tag-communication","tag-decisions","tag-development","tag-dividends","tag-dollar","tag-earnings","tag-energy","tag-future","tag-government","tag-growth","tag-initial-public-offering","tag-ipo","tag-multi-billion-dollar-share-sale","tag-office","tag-oil","tag-oil-prices","tag-price","tag-prices","tag-private-sector","tag-request","tag-sales","tag-saudi-arabia","tag-share-sale","tag-shares","tag-stake","tag-stock","tag-transition","tag-vision","tag-who","tag-world"],"acf":{"keyphrase":"","keywords":"","sourceimg":"","country-category":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Saudi Arabia plans Aramco share sale as soon as June, according to sources<\/title>\n<meta name=\"description\" content=\"stock sale. Saudi Arabia, multi-billion-dollar share sale, Aramco\" \/>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Saudi Arabia plans Aramco share sale as soon as June, according to sources\" \/>\n<meta property=\"og:description\" content=\"stock sale. Saudi Arabia, multi-billion-dollar share sale, Aramco\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ch.jfdi.cc\/?p=13388\" \/>\n<meta property=\"og:site_name\" content=\"ch.jfdi.cc\" \/>\n<meta property=\"article:published_time\" content=\"2024-05-28T06:01:08+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ch.jfdi.cc\/wp-content\/uploads\/2024\/05\/saudi-arabia-plans-aramco-share-sale-as-soon-as-june-according-to-sources.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1600\" \/>\n\t<meta property=\"og:image:height\" content=\"1080\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Cyprus Mail\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Cyprus Mail\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/ch.jfdi.cc\\\/?p=13388#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/ch.jfdi.cc\\\/?p=13388\"},\"author\":{\"name\":\"Cyprus Mail\",\"@id\":\"https:\\\/\\\/ch.jfdi.cc\\\/#\\\/schema\\\/person\\\/606e0fbe40ab1cad97176ec3e4e248f8\"},\"headline\":\"Saudi Arabia plans Aramco share sale as soon as June, according to sources\",\"datePublished\":\"2024-05-28T06:01:08+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/ch.jfdi.cc\\\/?p=13388\"},\"wordCount\":275,\"image\":{\"@id\":\"https:\\\/\\\/ch.jfdi.cc\\\/?p=13388#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/ch.jfdi.cc\\\/wp-content\\\/uploads\\\/2024\\\/05\\\/saudi-arabia-plans-aramco-share-sale-as-soon-as-june-according-to-sources.jpg\",\"keywords\":[\"Aramco\",\"banks\",\"change\",\"Comment\",\"communication\",\"decisions\",\"development\",\"dividends\",\"Dollar\",\"earnings\",\"Energy\",\"future\",\"government\",\"growth\",\"initial public offering\",\"IPO\",\"multi-billion-dollar share sale\",\"Office\",\"oil\",\"oil prices\",\"price\",\"prices\",\"private sector\",\"request\",\"sales\",\"Saudi Arabia\",\"share sale\",\"shares\",\"stake\",\"stock\",\"transition\",\"vision\",\"WHO\",\"World\"],\"articleSection\":[\"Other\"],\"inLanguage\":\"en-GB\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/ch.jfdi.cc\\\/?p=13388\",\"url\":\"https:\\\/\\\/ch.jfdi.cc\\\/?p=13388\",\"name\":\"Saudi Arabia plans Aramco share sale as soon as June, according to sources\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/ch.jfdi.cc\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/ch.jfdi.cc\\\/?p=13388#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/ch.jfdi.cc\\\/?p=13388#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/ch.jfdi.cc\\\/wp-content\\\/uploads\\\/2024\\\/05\\\/saudi-arabia-plans-aramco-share-sale-as-soon-as-june-according-to-sources.jpg\",\"datePublished\":\"2024-05-28T06:01:08+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/ch.jfdi.cc\\\/#\\\/schema\\\/person\\\/606e0fbe40ab1cad97176ec3e4e248f8\"},\"description\":\"stock sale. Saudi Arabia, multi-billion-dollar share sale, Aramco\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/ch.jfdi.cc\\\/?p=13388#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/ch.jfdi.cc\\\/?p=13388\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\\\/\\\/ch.jfdi.cc\\\/?p=13388#primaryimage\",\"url\":\"https:\\\/\\\/ch.jfdi.cc\\\/wp-content\\\/uploads\\\/2024\\\/05\\\/saudi-arabia-plans-aramco-share-sale-as-soon-as-june-according-to-sources.jpg\",\"contentUrl\":\"https:\\\/\\\/ch.jfdi.cc\\\/wp-content\\\/uploads\\\/2024\\\/05\\\/saudi-arabia-plans-aramco-share-sale-as-soon-as-june-according-to-sources.jpg\",\"width\":1600,\"height\":1080,\"caption\":\"Saudi Arabia plans Aramco share sale as soon as June, according to sources\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/ch.jfdi.cc\\\/?p=13388#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/ch.jfdi.cc\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Saudi Arabia plans Aramco share sale as soon as June, according to sources\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/ch.jfdi.cc\\\/#website\",\"url\":\"https:\\\/\\\/ch.jfdi.cc\\\/\",\"name\":\"ch.jfdi.cc\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/ch.jfdi.cc\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-GB\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/ch.jfdi.cc\\\/#\\\/schema\\\/person\\\/606e0fbe40ab1cad97176ec3e4e248f8\",\"name\":\"Cyprus Mail\",\"sameAs\":[\"https:\\\/\\\/cyprus-mail.com\\\/\"],\"url\":\"https:\\\/\\\/ch.jfdi.cc\\\/?author=3\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Saudi Arabia plans Aramco share sale as soon as June, according to sources","description":"stock sale. Saudi Arabia, multi-billion-dollar share sale, Aramco","robots":{"index":"noindex","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"og_locale":"en_GB","og_type":"article","og_title":"Saudi Arabia plans Aramco share sale as soon as June, according to sources","og_description":"stock sale. Saudi Arabia, multi-billion-dollar share sale, Aramco","og_url":"https:\/\/ch.jfdi.cc\/?p=13388","og_site_name":"ch.jfdi.cc","article_published_time":"2024-05-28T06:01:08+00:00","og_image":[{"width":1600,"height":1080,"url":"https:\/\/ch.jfdi.cc\/wp-content\/uploads\/2024\/05\/saudi-arabia-plans-aramco-share-sale-as-soon-as-june-according-to-sources.jpg","type":"image\/jpeg"}],"author":"Cyprus Mail","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Cyprus Mail","Estimated reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/ch.jfdi.cc\/?p=13388#article","isPartOf":{"@id":"https:\/\/ch.jfdi.cc\/?p=13388"},"author":{"name":"Cyprus Mail","@id":"https:\/\/ch.jfdi.cc\/#\/schema\/person\/606e0fbe40ab1cad97176ec3e4e248f8"},"headline":"Saudi Arabia plans Aramco share sale as soon as June, according to sources","datePublished":"2024-05-28T06:01:08+00:00","mainEntityOfPage":{"@id":"https:\/\/ch.jfdi.cc\/?p=13388"},"wordCount":275,"image":{"@id":"https:\/\/ch.jfdi.cc\/?p=13388#primaryimage"},"thumbnailUrl":"https:\/\/ch.jfdi.cc\/wp-content\/uploads\/2024\/05\/saudi-arabia-plans-aramco-share-sale-as-soon-as-june-according-to-sources.jpg","keywords":["Aramco","banks","change","Comment","communication","decisions","development","dividends","Dollar","earnings","Energy","future","government","growth","initial public offering","IPO","multi-billion-dollar share sale","Office","oil","oil prices","price","prices","private sector","request","sales","Saudi Arabia","share sale","shares","stake","stock","transition","vision","WHO","World"],"articleSection":["Other"],"inLanguage":"en-GB"},{"@type":"WebPage","@id":"https:\/\/ch.jfdi.cc\/?p=13388","url":"https:\/\/ch.jfdi.cc\/?p=13388","name":"Saudi Arabia plans Aramco share sale as soon as June, according to sources","isPartOf":{"@id":"https:\/\/ch.jfdi.cc\/#website"},"primaryImageOfPage":{"@id":"https:\/\/ch.jfdi.cc\/?p=13388#primaryimage"},"image":{"@id":"https:\/\/ch.jfdi.cc\/?p=13388#primaryimage"},"thumbnailUrl":"https:\/\/ch.jfdi.cc\/wp-content\/uploads\/2024\/05\/saudi-arabia-plans-aramco-share-sale-as-soon-as-june-according-to-sources.jpg","datePublished":"2024-05-28T06:01:08+00:00","author":{"@id":"https:\/\/ch.jfdi.cc\/#\/schema\/person\/606e0fbe40ab1cad97176ec3e4e248f8"},"description":"stock sale. Saudi Arabia, multi-billion-dollar share sale, Aramco","breadcrumb":{"@id":"https:\/\/ch.jfdi.cc\/?p=13388#breadcrumb"},"inLanguage":"en-GB","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ch.jfdi.cc\/?p=13388"]}]},{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/ch.jfdi.cc\/?p=13388#primaryimage","url":"https:\/\/ch.jfdi.cc\/wp-content\/uploads\/2024\/05\/saudi-arabia-plans-aramco-share-sale-as-soon-as-june-according-to-sources.jpg","contentUrl":"https:\/\/ch.jfdi.cc\/wp-content\/uploads\/2024\/05\/saudi-arabia-plans-aramco-share-sale-as-soon-as-june-according-to-sources.jpg","width":1600,"height":1080,"caption":"Saudi Arabia plans Aramco share sale as soon as June, according to sources"},{"@type":"BreadcrumbList","@id":"https:\/\/ch.jfdi.cc\/?p=13388#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/ch.jfdi.cc\/"},{"@type":"ListItem","position":2,"name":"Saudi Arabia plans Aramco share sale as soon as June, according to sources"}]},{"@type":"WebSite","@id":"https:\/\/ch.jfdi.cc\/#website","url":"https:\/\/ch.jfdi.cc\/","name":"ch.jfdi.cc","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ch.jfdi.cc\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-GB"},{"@type":"Person","@id":"https:\/\/ch.jfdi.cc\/#\/schema\/person\/606e0fbe40ab1cad97176ec3e4e248f8","name":"Cyprus Mail","sameAs":["https:\/\/cyprus-mail.com\/"],"url":"https:\/\/ch.jfdi.cc\/?author=3"}]}},"_links":{"self":[{"href":"https:\/\/ch.jfdi.cc\/index.php?rest_route=\/wp\/v2\/posts\/13388","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ch.jfdi.cc\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ch.jfdi.cc\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ch.jfdi.cc\/index.php?rest_route=\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/ch.jfdi.cc\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=13388"}],"version-history":[{"count":0,"href":"https:\/\/ch.jfdi.cc\/index.php?rest_route=\/wp\/v2\/posts\/13388\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ch.jfdi.cc\/index.php?rest_route=\/wp\/v2\/media\/13389"}],"wp:attachment":[{"href":"https:\/\/ch.jfdi.cc\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=13388"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ch.jfdi.cc\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=13388"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ch.jfdi.cc\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=13388"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}