A fresh offering of shares in Saudi Aramco, the Gulf kingdom's largely state-owned oil behemoth, comes at a pivotal moment for sweeping economic reforms that have struggled to lure foreign investment.
The sale of 1.545 billion shares, expected to begin trading next week, could fetch nearly $12 billion -- a short-term boon for officials working to finance everything from luxury resorts to football stadiums and a planned desert megacity known as NEOM.
