Shares sold 27.25 riyal each (Il Sole 24 Ore Radiocor) - Riyadh, 07 Jun - The Saudi government will raise 11.2 billion dollars through the sale of 1.545 billion shares in Aramco, representing approximately 0.64% of the oil company's capital, in a secondary public offering, according to a statement.

The shares are being sold 27.25 Saudi riyal per share compared to an initial price range of 26.70-29.00 riyal.

The country sold a 1.5% stake in the company in December 2019, raising 25.6 billion dollars.

Aramco last traded at 28.30 riyal on Thursday, valuing the company 1.830 trillion dollars.

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(RADIOCOR) 07-06-24 18:40:36 (0554) 5 NNNN