Aramco’s $12 Billion Sale Said to Draw Strong Foreign Demand
- Firm said to draw strong demand from Western, Asian funds
- Aramco’s $124 billion annual dividend is attracting investors
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Foreign investors have flocked to Saudi Aramco’s $12 billion share sale, people familiar with the matter said, marking a turnaround from the oil giant’s 2019 listing that ended up as a largely local affair.
The deal attracted significant interest from foreign investors, according to the people, who declined be identified as the information is private. It wasn’t immediately clear exactly how much demand came from overseas, but those investors put in enough bids to more than fully cover the offering, the people said.