Saudi Aramco said it netted an additional $3.8bn from its record initial public offering as it sold more shares to meet investor demand, boosting Crown Prince Mohammed bin Salman’s war chest to reshape the country’s oil-dependent economy.

The state oil giant, officially called Saudi Arabian Oil Co, listed on a local exchange last month after selling three billion shares at 32 Saudi riyals ($8.53) each to raise $25.6bn. It allocated 450 million more shares to investors during the bookbuilding process as part of efforts to support the price for a month in the market.