Take the pledge to vote

For a better tommorow#AajSawaroApnaKal
  • I agree to receive emails from News18

  • I promise to vote in this year's elections no matter what the odds are.
  • Please check above checkbox.

    SUBMIT

Thank you for
taking the pledge

Vote responsibly as each vote counts
and makes a diffrence

Disclaimer:

Issued in public interest by HDFC Life. HDFC Life Insurance Company Limited (Formerly HDFC Standard Life Insurance Company Limited) (“HDFC Life”). CIN: L65110MH2000PLC128245, IRDAI Reg. No. 101 . The name/letters "HDFC" in the name/logo of the company belongs to Housing Development Finance Corporation Limited ("HDFC Limited") and is used by HDFC Life under an agreement entered into with HDFC Limited. ARN EU/04/19/13618
LIVE TV DownloadNews18 App
News18 English
Powered by cricketnext logo
News18 » Business
1-min read

Saudi Arabia's Oil Giant Aramco to Sell Small Stake on Riyadh's Stock Exchange

The company says it will have 200 billion regular shares. A 1.5% stake in the company would be around 3 billion shares.

Associated Press

Updated:November 17, 2019, 12:59 PM IST
facebookTwitter Pocket whatsapp
Saudi Arabia's Oil Giant Aramco to Sell Small Stake on Riyadh's Stock Exchange
An oil facility in Jubeil, about 600 kilometers (370 miles) from Riyadh, Saudi Arabia.

Riyadh: 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. That 1.5% stake, at that top price, would raise as much as 104 billion Saudi riyals, over $27.7 billion.

Its low-end range was 30 Saudi riyals, or $8. That 1.5% stake, at that price, would raise as much as 90 billion Saudi riyals, about $24 billion.

That would put the overall valuation of the company between $1.6 trillion and $1.7 trillion.

Get the best of News18 delivered to your inbox - subscribe to News18 Daybreak. Follow News18.com on Twitter, Instagram, Facebook, Telegram, TikTok and on YouTube, and stay in the know with what's happening in the world around you – in real time.

Read full article
Next Story
Next Story

facebookTwitter Pocket whatsapp
Most Active
Company Price Change %Gain
Yes Bank 43.20 0.93
SBI 315.25 0.78
Indiabulls Hsg 267.30 -0.39
HDFC AMC 3,068.75 1.38
HDFC 2,311.10 -0.45
Company Price Change %Gain
Reliance 1,566.05 0.22
Bharti Infratel 253.70 -0.28
Yes Bank 43.15 0.82
MphasiS 857.50 0.26
HDFC AMC 3,070.90 1.39
Top Gainers
Company Price Change %Gain
UPL 573.65 2.25
Tata Motors 165.30 2.16
Cipla 456.75 1.51
Adani Ports 374.60 1.33
Yes Bank 43.20 0.93
Company Price Change %Gain
Tata Motors 165.00 2.01
TML-D 66.65 1.45
Yes Bank 43.15 0.82
IndusInd Bank 1,438.00 1.35
Tata Steel 409.10 0.91
Top Losers
Company Price Change %Gain
Zee Entertain 280.15 -1.16
ONGC 126.30 -1.33
HDFC 2,311.10 -0.45
Infosys 718.20 -0.40
Bharti Airtel 441.00 -0.40
Company Price Change %Gain
ONGC 126.40 -1.25
Infosys 718.30 -0.35
Bharti Airtel 441.05 -0.33
HDFC 2,309.45 -0.32
Power Grid Corp 181.55 -0.22

Live TV

Countdown To Elections Results
To Assembly Elections 2018 Results