Saudi Arabia is hitting up its wealthy citizens to buy stock in the Saudi Aramco IPO, Bloomberg sources with knowledge of the matter said on Thursday. The citizens Saudi Arabia Continue Reading
Just days after shocking missile attacks forced half of Saudi Arabia’s crude production capacity offline in mid-September, energy minister Prince Abdulaziz bin Salman declared that state oil company Aramco would Continue Reading
Various Chinese state-held companies and funds are negotiating possibly investing up to US$10 billion in the initial public offering of Saudi oil giant Aramco, which is desperate to see large Continue Reading
It’s finally a go. After years of delays, Saudi Arabia’s oil giant Aramco—the world’s largest oil producer and the world’s most profitable company in any sector— announced on Sunday its Continue Reading
Saudi Arabia’s giant state oil company finally kick-started its initial public offering (IPO) on Sunday, announcing its intention to float on the domestic bourse in what could be the world’s Continue Reading
Saudi Aramco, the Saudi state oil giant, said it posted a net income of $68 billion during the nine-month period ending on September 30. The company’s revenues and other income Continue Reading
Saudi Arabia will compromise on valuation to ensure the initial public offering of Aramco is a success. The Kingdom is ready to accept less than the $2 trillion Crown Prince Continue Reading
Valuations for Saudi Aramco vary by more than $1 trillion, according to fund managers who have seen banks’ research, underscoring the uncertainty hanging over what could be the world’s largest Continue Reading
Saudi Arabia’s Crown Prince Mohammed bin Salman on Friday agreed that the initial public offering of state oil giant Aramco will be announced on Sunday, five sources familiar with the Continue Reading
Saudi Arabia expects its state budget deficit to widen to 187 billion riyals ($49.86 billion) next year, or 6.5% of gross domestic product (GDP)from a projected 131 billion riyals for Continue Reading
