Source: Reuters DUBAI/RIYADH (Reuters) – Saudi Aramco (IPO-ARMO.SE) has delayed the planned launch of its initial public offering (IPO), as the giant oil company wants to update investors with its latest earnings before proceeding, two sources familiar with the matter said on Thursday. The world’s largest oil firm was to announce plans next week to float a 1% to 2%
From Bloomberg Saudi Arabia is restarting preparations for a potential initial public offering of oil giant Aramco, months after putting the planned listing on hold, people familiar with the matter said. Aramco, the world’s most profitable company, recently held talks with a select group of investment banks to discuss potential roles on the offering, according to the people. Detailed work
From CNBC Aramco’s hugely successful bond offering on Tuesday may be the final nail in the coffin for the Saudi oil giant’s much-anticipated and long-delayed stock market debut. Just three years ago, the Saudis cast the initial public offering for Aramco as the key to Crown Prince Mohammed bin Salman’s ambitious plan to diversify his nation’s oil-dependent economy. By offering
From Bloomberg Saudi Aramco may be the world’s most profitable company, but that likely still won’t be enough to persuade investors the energy behemoth is worth $2 trillion. New financial details, disclosed today by Moody’s Investors Service, show a company that paid $58.2 billion in dividends to the Saudi government last year. Working back from that, the valuation would be closer to
From Bloomberg Saudi Crown Prince Mohammed bin Salman, in an interview with Bloomberg last week, promised that the stalled Aramco IPO will take place by 2021 at a valuation of at least $2 trillion, declared his love of working with Donald Trump, and shrugged off criticism that he’s clamping down on dissent. But no less important were his comments on
From Reuters Saudi Aramco’s potential acquisition of a stake in petrochemicals maker SABIC would affect the timeframe of its own planned initial public offering, the firm’s chief executive, Amin Nasser, said in a TV interview. The offering is the centerpiece of an ambitious plan championed by Crown Prince Mohammed bin Salman to diversify Saudi Arabia’s economy beyond oil, but preparations
From CNBC 50% chance of that happening: Reuters After Saudi exchange listing, may offer stock on an international exchanges later Red tape in New York and NYC litigation risk; an LSE listing may not be possible till 2019 Saudi Arabia’s state-owned oil giant Saudi Aramco could first issue stock on its home market and privately place shares in the hands
From CNBC Nasser says the timing of the IPO is in the hands of Aramco’s sole shareholder, the Saudi government The government has yet to determine where shares of Aramco will be listed Saudi Aramco, the world’s largest energy company, is fully prepared for a hotly anticipated public share offering in the second half of 2018, says Aramco president and
From Bloomberg Saudis say Aramco IPO ‘on track’; Saudi govt. values company at $2 Trillion—selling 5% in IPO London and New York are among exchanges seeking to list shares Saudi Aramco’s IPO is moving ahead and all options are open on where to list shares of the giant oil producer, the country’s finance minister said. The Saudi Arabian Oil Co.,
Sign up to receive daily news and stock prices from Oil & Gas 360® directly in your email inbox.
Market Data ©2020–2024 QuoteMedia. Data delayed 15 minutes unless otherwise indicated (view delay times for all exchanges). RT=Real-Time, EOD=End of Day, PD=Previous Day. Market Data powered by QuoteMedia. Terms of Use.
