Saudi Arabia has garnered $12.35 billion from a secondary share sale in Aramco, following the oil giant's exercise of an over-allotment option, according to a document viewed by Reuters. This transaction marks the end of a protracted endeavor to offload additional shares in one of the globe's most valuable enterprises, subsequent to its landmark IPO in 2019. Concurrently, the kingdom is aiming to amass further capital to advance its economic diversification strategy, dubbed 'Vision 2030'. On Tuesday, the state oil monolith re-entered the debt market after a three-year pause, aligning with other prominent Gulf companies and governments that have accessed markets this year for investment funding. Aramco engaged banks to issue bonds with maturities of 10, 30, and 40 years, as evidenced by a document from one of the participating banks. An insider familiar with the situation anticipates that Aramco will secure at least $3 billion across these three bond tranches.