Saudi Aramco's $12 billion share sale last Sunday, selling 1.545 billion shares at 26.70-29 riyals each, saw immediate success, attracting keen interest from global investors.

In a filing with the Saudi Exchange last week, Saudi Aramco (ARMCO), the country's largest energy corporation, announced its intention to sell shares in the state-owned oil company to raise funds for economic diversification initiatives in the kingdom. The sale, which happened on Sunday, was a huge success, with th...