Aramco initially raised a $25.6 billion, which was itself a record level, in its December IPO by selling 3 billion shares at 32 riyals ($8.53) a share.
Contrary to the Houthi claim, UN investigators suggest their evidence has increased the possibility that it was Tehran that launched the attack using long-range and sophisticated weaponry.
Prices of oil jump on concerns that Iran might respond to the killing of its top general Qasem Soleimani by the United States by disrupting global supplies of energy from the Mideast.
Aramco’s public listing went ahead without the involvement of foreign investors, amid concerns about the high valuation imposed by MBS.
Saudi Arabia's oil company surpassed Apple as the largest listed company in the world. Aramco is worth more than the top five oil companies Exxon Mobil, Total, Royal Dutch Shell, Chevron and BP combined.
Aramco said it would sell 1.5 percent of the company in a blockbuster initial public offering worth at least $24 billion.
Saudi Arabia has an incredible opportunity to move away from its complete dependence on oil, but it will need to make a number of structural changes to ensure its plans are not derailed.
Prospectus made public allows a glance into world's largest oil producer but doesn't say how large a stake it intends to sell.
An announcement from the kingdom's Capital Market Authority declaring its approval for the share sale served as a starting gun for an IPO promised by Crown Prince Mohammed bin Salman since 2016.
A window for rapprochement in the Gulf could be in the offing as the US tones down its rhetoric on Iran pushing Saudi Arabia and the UAE to take a step back.
Last month's attack on Aramco oil facilities sparked concerns about Crown Prince Mohammed bin Salman's ability to defend and lead the world’s largest oil exporter.
The drop in the kingdom's credit outlook comes as it faces the risk of being dragged into a regional conflict with Iran.
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