Oil giant netted USD 1 billion more than expected from a secondary share sale in response to demand from investors.
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The government indicated that the transfer to the sovereign wealth fund aims to boost the national economy by diversifying its resources and creating more investment opportunities.
State-owned energy major had a market cap of USD 2.43 on Wednesday (11), surpassing Apple, whose shares dropped.
Saudi state-owned oil company IPO received approval by the financial regulatory authority and is set to run next December in what’s expected to be the biggest share sale in history.
The main index of the São Paulo Stock Exchange climbed 1.16% this Friday to 97,677 points.
The North American currency ended this Tuesday at BRL 4.14, up 1.48% over the previous day.
The United States currency closed at BRL 4.056 this Wednesday, up 0.46% from Tuesday.
The United States currency gained over 2% this Tuesday in Brazil.
The North American currency ended the Friday at BRL 3.707, while the Ibovespa reached 81,435 points, its highest point since May 22.
The emirate’s stock exchange will offer futures market shares for major Saudi Arabian corporation starting in September.
The North American currency slid 0.51% and the main index of the São Paulo Stock Exchange climbed 1.64%.
