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Saudi Arabia to Sell 0.64% Aramco Stake

Saudi Arabia is offering 1.545 billion Aramco shares. Reuters
Saudi Arabia is offering 1.545 billion Aramco shares. Reuters
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Saudi Arabia to Sell 0.64% Aramco Stake

Saudi Arabia is offering 1.545 billion Aramco shares. Reuters
Saudi Arabia is offering 1.545 billion Aramco shares. Reuters

Saudi Arabia is selling a 0.64% stake in oil giant Aramco, a statement said on Thursday.

Saudi Arabia is offering 1.545 billion Aramco shares and the offering period will commence on June 2.

The price range is expected to be between SAR 26.70 and SAR 29.00 per share.

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Saudi Industry Minister Discusses Economic Partnership, Industrial Integration with Kuwaiti Ministers

The meetings in Kuwait were aimed at strengthening bilateral economic ties and supporting industrial integration. SPA
The meetings in Kuwait were aimed at strengthening bilateral economic ties and supporting industrial integration. SPA
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Saudi Industry Minister Discusses Economic Partnership, Industrial Integration with Kuwaiti Ministers

The meetings in Kuwait were aimed at strengthening bilateral economic ties and supporting industrial integration. SPA
The meetings in Kuwait were aimed at strengthening bilateral economic ties and supporting industrial integration. SPA

Saudi Minister of Industry and Mineral Resources Bandar Alkhorayef, during his visit to Kuwait, has met separately with Kuwaiti Minister of Commerce and Industry Khalifa Abdullah Al-Ajeel and Minister of Oil Tareq Sulaiman Al-Roumi.

They discussed enhancing the strategic economic partnership between the two countries and expanding avenues for industrial cooperation and integration.

They stressed the importance of supporting trade and joint investments to foster economic growth and diversification in both Saudi Arabia and Kuwait.

Alkhorayef’s meeting with the Kuwaiti minister of commerce and industry highlighted the deep-rooted and robust historical ties between the two countries, which serve as a key foundation for strategic economic partnerships across various sectors, particularly the industrial sector.
The meeting emphasized the importance of strengthening industrial integration to advance sustainable industrial development and support economic diversification in Saudi Arabia and Kuwait.
Alkhorayef’s talks with the two Kuwaiti ministers were aimed at strengthening bilateral economic ties, supporting industrial integration, and exploring joint investment opportunities in the industrial and mining sectors.