The shares have been priced at 32 riyals ($8.53), with a formal announcement expected later on Thursday.
The long-awaited IPO of the world's largest and most profitable company will list locally on the Tadawul, Saudi Arabia's stock exchange.
An Aramco oil tank is seen at the Production facility at Saudi Aramco's Shaybah oilfield in the Empty Quarter, Saudi Arabia.DUBAI — Saudi Arabian Oil Company, or Saudi Aramco, has priced its shares at the top of its indicative range for its initial public offering , Reuters reported Thursday citing three sources familiar with the decision.
The long-awaited IPO of the world's largest and most profitable company will list locally on the Tadawul, Saudi Arabia's stock exchange, and forms the centerpiece of Crown Prince Mohammed bin Salman's Vision 2030 aimed at transforming the Saudi economy.
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