Aramco's $12 Billion Share Sale Attracts Global Investors

Saudi Arabia's state-owned oil company, Aramco, is gearing up for a significant share sale worth $12 billion. To drum up interest in this lucrative opportunity, Aramco is organizing events in London and the US. The company's CEO, Amin Nasser, and CFO, Ziad Al-Murshed, will be present at these events, highlighting Aramco's proactive approach to engaging with potential investors.

Not limiting its efforts to London, Aramco is also planning a separate event in the US to broaden its investor base. According to Bloomberg Intelligence, investors stand to gain from a substantial $124 billion annual payout, translating to an attractive dividend yield of 6.6 percent.

Despite its robust valuation and the absence of buybacks, Aramco exudes confidence in its ability to attract global capital. Post the share sale, the Saudi government will retain an ownership stake of approximately 82 percent in Aramco, while the Kingdom's sovereign wealth fund will secure an additional 16 percent share.

With Aramco's strategic initiatives to engage investors globally and its promising dividend yield, the upcoming share sale presents a compelling opportunity for potential investors. The company's strong valuation and the Saudi government's significant ownership stake further underscore the stability and potential returns associated with investing in Aramco.