Investors Flock to Aramco Share Sale as Saudi Arabia Aims to Raise $13 Billion
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#bca0e304 ver:0.09

Investors rush to buy shares in Saudi Arabia's Aramco, aiming to raise $13 billion in highly anticipated sale. The offering will test international appetite for the kingdom's assets and gauge Riyadh's appeal to foreign investors. Aramco's shares down 2.6% on Sunday, valuing the company at $1.8 trillion. The Saudi government offers 1.545 billion shares, with banks able to increase the offering by $1 billion. The funds raised will benefit the sovereign wealth fund. Meanwhile, Saudi Arabia's budget deficit reaches $9.5 billion in Q3 2023, attributed to a decline in energy and non-oil income. Russia's budget deficit narrows to 1% of GDP, while Jordan's draft budget forecasts a 2.1% deficit and increased capital investments. Aramco pays $31 billion in dividends to fund Saudi Arabia's spending plans. #SaudiArabia #Aramco #investors #budgetdeficit #Russia #Jordan...

#newstr #SaudiAramco #StockOffer #BudgetDeficits #SaudiArabia #Russia #Jordan #ForeignInvestors 

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