Jan. 14, 2020News & Opinions
Saudi Aramco completed its initial public offering on Saudia Arabia’s Tadawul stock exchange in December at a valuation matching Prince Mohammed bin Salman’s vision of $2 trillion, thereby taking in $25.6 billion. A month ...
Dec. 13, 2019News & Opinions
Despite dire predictions from analysts, Saudi Aramco’s freshly launched share soared on the national Tadawul exchange in Riyadh in the early days of trading, nearly touching Crown Prince Mohammed bin Salman’s $2 trillion ...
Nov. 18, 2019News & Opinions
As it prepares for an initial public offering, Saudi Arabia has assigned a preliminary valuation of state-owned oil group Aramco, spanning a range of $1.6 -$1.71 trillion. This is well below the $2 trillion sought by Crown Prince Mohammed ...
Nov. 12, 2019News & Opinions
Saudi Aramco published the long expected prospectus for its planned listing on in Riyadh’s Tadawul stock exchange on Nov. 9. While 650 pages long, commentators said the document was short on details of the offering.
Nov. 06, 2019News & Opinions
Under a revised agreement between the two Saudi companies inked in October, Saudi Aramco will delay fully paying for the $69.1 billion acquisition of a 70% stake in SABIC by four years until September 2025.
Nov. 01, 2019News & Opinions
US industrial gases manufacturer Air Products is in final negotiations to form a joint venture with Saudi Aramco, ACWA Power and Air Products Qudra to acquire gasification, power and industrial gas assets at Jazan Economic City in the ...
Oct. 29, 2019News & Opinions
Saudi chemicals giant Sabic has quantified the impact of September’s drone attack on oil facilities of its now almost-parent company Saudi Aramco last month at 400,000-500,000 t of product.
Oct. 28, 2019News & Opinions
Major US contractor McDermott International has been awarded a “large” contract (worth between $50 million and $250 million) for Aramco and Total’s joint-venture Amiral petrochemical complex in Jubail, Saudi Arabia.
Oct. 21, 2019News & Opinions
Saudi Aramco has once again pulled the plug on the imminently expected launch of its long anticipated initial public offering (ipo), which if it ever gets off the ground could be the world’s largest-ever stock market listing.
Sep. 16, 2019News & Opinions
Saudi Aramco plans to list 1% of its shares on the Riyadh Stock Exchange by the end of 2019 and another 1% in 2020, sources familiar with the matter have told Reuters newswire.
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