Saudi Aramco has finalized a secondary share sale, generating $11.23 billion, as stated by the oil company and the Saudi government on Tuesday. Earlier, on Sunday, the oil behemoth had revealed that the majority of shares in its recent offering were acquired by international investors. This secondary offering is anticipated to bolster Saudi Arabia's financial situation in the short term as the nation develops extensive projects such as resorts and stadiums, which are integral to a reform initiative aimed at preparing for a future beyond oil reliance. Aramco had previously declared on May 30 its intention to sell 1.545 billion shares, equating to roughly 0.64% of its issued shares, on the Saudi stock exchange.