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Saudi Aramco raises IPO to record $29.4 billion through greenshoe option

Sunday, January 12, 2020, 4:59 PM

State-owned oil company Saudi Aramco said it has exercised its "greenshoe option" to sell an additional 450 million shares, raising the size of its IPO to a record $29.4 billion. Aramco initially raised a then-record $25.6 billion in its IPO in December by selling 3 billion shares at 32 riyals ($8.53) but indicated it may sell additional shares through the over-allotment of shares.
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Oil prices down but on track for large weekly gain

Friday, October 25, 2019, 8:11 PM

Oil prices fell on Friday but were on track for strong weekly gains as support from a surprise draw in US inventories and possible action from OPEC and its allies to trim production further outweighed broader economic concerns. Brent crude was down 35 cents at $61.32 by 0830 GMT but the benchmark was set for a weekly gain of more than 3 per cent.
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British tanker leaves Iran after 10-week detention

Friday, September 27, 2019, 5:55 PM

The British-flagged Stena Impero tanker sailed out of Iranian waters on Friday, the owner said, after it was detained in July during a row with Britain that has stoked tensions in the Gulf. The Stena Impero left Iran's Bandar Abbas port on Friday morning bound for Dubai, where the crew would be repatriated, Sweden's Stena Bulk said, after being detained for 10 weeks.

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