Saudi Arabia's Aramco Considers Selling $50B In Shares; Kingdom Has Decided To Host Any New Aramco Offering On Riyadh Exchange; An Offering Of $50B Would Be Largest In Capital-Markets History - WSJ
Portfolio Pulse from Happy Mohamed
Saudi Arabia's Aramco is considering selling $50 billion in shares, which would be the largest offering in capital-markets history. The Kingdom has decided to host any new Aramco offering on the Riyadh Exchange.
September 01, 2023 | 2:19 pm
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NEUTRAL IMPACT
Although not directly mentioned, the United States Oil Fund (USO) could be indirectly affected by Aramco's potential share sale, as it could influence global oil prices.
Aramco's potential share sale could lead to changes in the global oil market, which could indirectly affect the performance of the United States Oil Fund (USO). However, the exact impact is uncertain and will depend on various factors, including the final details of the share sale and the response of other oil market participants.
CONFIDENCE 70
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RELEVANCE 50