Investors Flock to Aramco Share Sale That Could Raise $13 Billion

Saudi Arabia’s sale of Aramco shares has drawn significant demand, potentially raising up to $13.1 billion. This move will test international investor interest and support the kingdom’s economic diversification efforts. The Public Investment Fund (PIF) is expected to benefit from the proceeds. This sale coincides with OPEC+ extending oil output cuts to stabilize the market, indicating Riyadh’s progress in attracting foreign investment and economic reforms.