Maha El
Maha El is a financial journalist primarily covering the stock market and energy sector. They have written extensively about Aramco's share sales and the global oil industry. Their work often delves into the complexities of international energy markets, providing unique insights into geopolitical tensions affecting oil prices and corporate strategies in response to these dynamics.
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The Daily's Verdict
This author is known for its high journalistic standards. The author strives to maintain neutrality and transparency in its reporting, and avoids conflicts of interest. The author has a reputation for accuracy and rarely gets contradicted on major discrepancies in its reporting.
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Recent Articles
Saudi Arabia's Record-Breaking Aramco Share Sale: A $11.2 Billion Boost for Foreign Investors
Broke On: Saturday, 08 June 2024Saudi Arabia broke records by allocating over half of its $11.2 billion Aramco share sale to foreign investors, marking a significant shift from the 2019 IPO and adding 120 new international investors. Proceeds will fund Saudi Arabia's Public Investment Fund (PIF), driving diversification efforts in sectors like electric vehicles and futuristic cities. The secondary offering generated $65 billion in demand, priced at a 6% discount.