Saudi Aramco netted $12.35 billion from a secondary share sale, the deal's stabilizing manager said on Wednesday.
An additional 154.5 million shares were issued in response to demand from investors, Merrill Lynch Kingdom of Saudi Arabia said, taking the total number to nearly 1.7 billion.
The offering announced in May was the largest in the Middle East since Aramco's record initial public offering (IPO) in 2019.
"Following the exercise of the over-allotment option, the total offering size will be 1,699,500,000 shares, representing a total offering amount of SAR 46.31 billion ($12.35 billion)," Merrill Lynch said in a statement, AFP reported.
Last month Aramco said the offering raised a minimum of $11.2 billion, with the final size dependent on whether Merrill Lynch uses the over-allotment or "greenshoe" option to sell additional shares by July 9.
