Riyadh roughly doubled domestic prices a year ago in an effort to boost energy efficiency
Aramco is launching its worldwide roadshow this week for a pending bond offering that is expected to be at least $10bln in size
The deal will close on Wednesday
JP Morgan and Morgan Stanley have been hired as joint global coordinators, and as bookrunners together with Citigroup, Goldman Sachs, HSBC and NCB Capital.
Saudi Arabia's index was up 0.2% with market heavyweight Saudi Basic Industries (SABIC) gaining 1.6%
To fund the $69.1billion purchase of a stake in Saudi Basic Industries Corp (SABIC), sources familiar with the matter said.