Crown Prince Mohammed bin Salman finally saw Saudi Aramco reaching the US$2 trillion valuation he has sought for years. Yet, this record-breaking valuation , achieved on the second day of Continue Reading
Shares in Saudi Aramco dipped 3.27 percent on Thursday as the oil giant was hit by profit-taking, ending the trading week in Saudi Arabia among the top losers today, and Continue Reading
Saudi Aramco topped the $2 trillion target sought by Saudi leader Crown Prince Mohammed bin Salman on Thursday as its shares clocked up the second day of gains, defying some Continue Reading
Announcing the development on November 3, Saudi Aramco said that the offer period will run from November 17 to December 4, and the IPO would be priced on December 5. Continue Reading
Saudi Aramco ( 2222.SE ) shares surged the maximum permitted 10% above their IPO price on their Riyadh stock market debut on Wednesday, closing in on the $2 trillion valuation Continue Reading
Aramco’s shipping division has issued an expression of interest in the chartering of up to a dozen LNG carriers beginning in 2025, Reuters reports , citing industry sources. Liquefied natural Continue Reading
Less than a quarter, or 23 percent, of the institutional portion of Saudi Aramco’s initial public offering went to non-Saudi investors, the head of Investment Banking at National Commercial Bank, Continue Reading
Saudi Arabia on Monday revealed its 2020 budget, forecasting lower oil income due to OPEC production cuts and a lesser reliance on its lifeblood industry in the coming years as Continue Reading
The excitement was palpable as bankers, one group at a time, stepped on to buses that shuttled them from Riyadh’s Ritz-Carlton hotel to a meeting with Saudi officials. Saudi Arabia, the Continue Reading
Saudi Arabia is predicting that its budget deficit will balloon to US$50 billion next year as low oil prices and lowered production eat into the Kingdom’s oil revenue, according an Continue Reading
