| November 17th, 2019 2:13 AM
Saudi Aramco to sell small stake on Riyadh exchange
RIYADH, Saudi Arabia (AP) — Saudi Arabia’s state oil giant Saudi Aramco is going to sell a 1.5% stake in its company on Riyadh’s stock exchange.
That’s according to documents released on Sunday by the company.
The company says it will have 200 billion regular shares. A 1.5% stake in the company would be around 3 billion shares.
It put the price range of its stock up to 32 Saudi riyals, or $8.50.