Investors Flock to Aramco Share Sale that Could Raise US$ 13 billion

SAUDI ARAMCO - DUBAI - Saudi Arabia's sale of shares in oil giant Aramco (2223.SE) drew more demand than the stock on offer within hours of kicking off on Sunday, a deal that could raise to $13.1 billion in a major test of international appetite for the kingdom's assets.

The banks on the deal will take institutional orders through Thursday and will price the shares the following day, with trading expected to start next Sunday on Riyadh's Saudi Exchange.