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Home > Saudi Aramco
Saudi Aramco
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 oil giant said it plans to sell 1.5 per cent of the company, or about 3 billion shares, at an indicative price range of 30 riyals to 32 riyals.
Saudi Aramco in race for IPO record with USD 1.7 trillion top value
18 Nov 2019 9:24 AM

Aramco cannot sell its shares directly to investors in the United States and other markets, as the IPO will be restricted to Saudis.

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.

Bankers expect at least 6 million-7 million local investors to participate.
Saudi Arabia plans bumper Aramco IPO, relying on easy loans and rich locals
18 Oct 2019 9:09 AM

The IPO will be a gift from the government to the Saudi people and they will want as many of them as possible to take part in it.

Saudi Aramco sets its crude prices based on recommendations from customers and after calculating the change in the value of its oil over the past month.
Saudi oil prices for Asia expected to jump in November after attack
03 Oct 2019 10:55 AM

Saudi Aramco officials as a matter of policy do not comment on the kingdom’s monthly OSPs.

Following the attacks on the oil stablization centres of @Saudi_Aramco, top executives of Aramco have been contacted, tweeted Oil Minister Dharmendra Pradhan. (Photo: File)
Saudi assures India of no oil supply shortage: Oil Min
16 Sep 2019 7:18 PM

A massive drone strike on the world's largest crude-processing facility operated by Saudi Arabia's Aramco has driven up oil prices.

Saudi Aramco has told one Indian refinery there will be no immediate impact on oil supplies.
Saudi Aramco tells Indian refiner it will get oil: source
16 Sep 2019 8:49 AM

Aramco has lost half of its production capacity after attacks on its facilities on Saturday.

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