Saudi Aramco's $12 Billion Share Sale Quickly Sells Out

The oil giant's stock offering sees robust demand from both local and foreign investors, aiding Saudi Arabia's economic diversification efforts.

Saudi Aramco held roadshows in London and the US to attract investors for its share sale.
The $12 billion stock offer sold out within hours of opening, reflecting strong market interest.
The sale is part of Saudi Arabia's strategy to fund its economic transformation plan.
Institutional investors have until June 6 to submit orders, with a mix of local and foreign participation observed.
The offering includes one of the world's largest dividends, with a yield estimated at 6.6%.