Mohammed Jamil Farsi, a prominent Saudi Arabian jewelry tycoon, made an impassioned plea to the investment minister at a meeting of the Jeddah Chamber of Commerce this month. “I don’t Continue Reading
Saudi Arabia has said oil giant Saudi Aramco is worth more than $2 trillion, enough to consume Apple Inc. twice, and still have room for Google parent Alphabet Inc. The Continue Reading
Saudi Arabian Oil Co. , gearing up for what may be the world’s biggest initial public offering, is considering discounted shares for local investors, according to people with knowledge of Continue Reading
Saudi Arabia’s state-owned energy company has told J.P. Morgan,HSBC and Morgan Stanley they will be the lead underwriters for its planned initial public offering, set to be the largest ever, Continue Reading
Aramco IPO is the centerpiece of Saudi Vision 2030. $2 trillion valuation is desired. But Aramco pays a 20% royalty and 85% tax rate. Net present value of earnings only Continue Reading
Saudi Arabia is leaning toward listing its giant, state-run oil company in New York, London or Toronto and has soured on the prospect of floating shares of the firm on Continue Reading
An oil tank is seen at the Saudi Aramco headquarters during a media tour at Damam city November 11, 2007. Saudi Arabia is considering two options for the shape of Continue Reading
Gulf Arab states are poised to continue to spend billions of dollars on defense despite low oil prices causing severe budget deficits forcing Gulf States to introduce austerity measures and Continue Reading
Complications restructuring Saudi Arabia’s state-owned oil company and disentangling its finances from those of the government are slowing the march toward what is expected to be the biggest initial public Continue Reading
Saudi Arabia has led the way among major energy exporters in cutting oil production. At the same time, the kingdom is adding to global supply in a surprising way. The Continue Reading
