Saudi Aramco announces it will go public on the Riyadh stock exchange, with shares totalling up to two percent of the firm's worth made available at its IPO launch. Valued at US$1.2 trillion, the company is being partially privatized to reduce the kingdom's economic dependence on oil.
Two Saudi Aramco oil refineries, one in Abqaiq and one in Khurais, Saudi Arabia, are attacked by drones, resulting in massive fires. The fires are under control, according to the Saudi Arabian Interior Ministry. Houthi militants claim responsibility, saying that they used 10 drones for the attack.
The Royal Saudi Air Defense intercepts a ballistic missile fired from Yemen over the Saudi capital Riyadh that caused panic among residents. Houthis say they fired several Burkan-2 missiles at targets in Saudi Arabia, including Saudi Aramco oil facilities. Separately, Saudi Air Defenses shoot down two Houthi-operated Qasef-1 drones near the border.
An Egyptian Misdemeanor Court acquits 52 people charged with taking part in anti-government demonstrations in April. Thousands rallied on April 25 to protest the transfer of Red Sea islands Tiran and Sanafir to Saudi Arabia. Police arrested nearly 300 demonstrators; government reports indicate all have been released from prison.
King of Saudi Arabia Salman bin Abdulaziz Al Saud announces, during his trip to Cairo, that a bridge crossing the Red Sea will be built, linking Egypt and Saudi Arabia. Egyptian President Abdel Fattah el-Sisi says the bridge will be named after the Saudi monarch. A Saudi–Egypt Causeway project has been in the works for years.
At least 40 people, including several fishermen, are reportedly killed following Saudi-led coalition airstrikes on two islands off Yemen's Red Sea coast. Local fisherman reported coalition aircraft and warships struck the Aqban and Kadman islands targeting Houthi forces but also destroyed several boats killing local fishermen.