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Saudi Arabia to sell 0.64% stake in Aramco

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(Reuters) – Saudi Arabia is selling a 0.64% stake in oil giant Aramco as the kingdom pushes ahead with Crown Prince Mohammed bin Salman’s plan to diversify the economy. Saudi Arabia is offering 1.545 billion Aramco shares and the offering period will begin on June 2. The price range is expected to be between SAR 26.70 and SAR 29.00 per share, according to a statement released on Thursday. long effort to sell another slice of one of the most valuable companies in the world after its record IPO in 2019.

(Reporting by Rahul Paswan in Bengaluru; Editing by Chris Reese)



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