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Home > Riyadh
Riyadh
But investing in Aramco is also a bet on the price of oil and growth in global demand for crude, which is expected to slow from 2025.
Saudi Aramco prices shares at top of range in world's biggest IPO
06 Dec 2019 10:44 AM

Around 4.9 million Saudi retail investors have bought shares in the oil giant.

The government had been encouraging rich Saudis to invest, promoting such investment as a patriotic duty, particularly after Aramco’s oil facilities were attacked in September.
Saudi Aramco IPO oversubscribed so far, but not by big margin
30 Nov 2019 12:04 PM

Saudi banks have been offering citizens easy loans to bid for shares in Aramco.

The company will spend the next 10 days talking to investors and sounding out their interest and the price range will follow.
Saudi Aramco kick-starts what could be world's biggest IPO
04 Nov 2019 9:47 AM

Bankers have told the Saudi government that investors will likely value the company at around USD 1.5 trillion.

Aramco is believed to be planning to sell the rest of a planned tranche of five per cent of the firm on an international bourse.
Aramco IPO will be Saudi crown prince's decision: minister
30 Oct 2019 3:01 PM

Aramco was expected to launch the first part of a two-stage IPO earlier in October.

Billionaire Mukesh Ambani.
Ambani says slowdown in India temporary, reforms undertaken to reverse trend
29 Oct 2019 5:56 PM

The govt has taken a string of policy measures over the past couple of months to shore up the economy and revive credit.

Despite lower oil prices during the first half of 2019, we continued to deliver solid earnings and strong free cash flow, Aramco CEO Amin Nasser was quoted as saying in the statement.
Saudi Aramco says H1 2019 net income slips to USD 46.9 billion
12 Aug 2019 1:40 PM

The fall in income comes amid renewed speculation the company was preparing for its much-delayed overseas stock listing.

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