Aramco Ipo

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Aramco Ipo - Total results - 9
Boost for Saudi Arabia as Aramco shares surge 10% on Riyadh stock market debut; energy major closes in on $2 tn valuation
Business

Boost for Saudi Arabia as Aramco shares surge 10% on Riyadh stock market debut; energy major closes in on $2 tn valuation

Aramco shares began trading half an hour after the market open as the Saudi bourse allowed extra time for the “opening auction” period when investors place their bids, in anticipation of high levels of activity.

Saudi Aramco in race for IPO record with $1.7 tn top value; no international roadshows to be held to market shares
Business

Saudi Aramco in race for IPO record with $1.7 tn top value; no international roadshows to be held to market shares

Aramco cannot sell its shares directly to investors in the US and other markets, as the IPO will be restricted to Saudis and those foreign institutions permitted to invest in the kingdom’s stock market.

Saudi Aramco to sell up to 0.05% shares to individual retail investors; prospectus flags risks, gives few details on IPO size
Business

Saudi Aramco to sell up to 0.05% shares to individual retail investors; prospectus flags risks, gives few details on IPO size

Aramco cannot list additional shares for a period of six months after trading starts, and will also be restricted from issuing additional shares for 12 months

Timeline: Saudi Aramco's winding road to world's largest IPO
Business

Timeline: Saudi Aramco's winding road to world's largest IPO

On 6 January Saudi Arabia's Deputy Crown Prince Mohammed bin Salman mentions his interest in selling off parts of Aramco to private investors in an interview

Aramco kickstarts world's biggest IPO on Sunday in a bid to diversify economy, offers scant details
Business

Aramco kickstarts world's biggest IPO on Sunday in a bid to diversify economy, offers scant details

The IPO preparations were revived this summer after Aramco attracted huge interest in its first international bond sale, seen as a pre-IPO relationship-building exercise with investors.

Aramco IPO likely to kickoff today; Saudi Crown Prince gives green light to profitable firm: Report
Business

Aramco IPO likely to kickoff today; Saudi Crown Prince gives green light to profitable firm: Report

Crown Prince Mohammed wants to eventually list a total of 5 percent of Aramco

Saudi Arabia eyes long-term partnership with India; to invest $100 bn in petrochemicals, infra, mining
Business

Saudi Arabia eyes long-term partnership with India; to invest $100 bn in petrochemicals, infra, mining

Saudi Arabia is a key pillar of India's energy security, being a source of 17 percent or more of crude oil and 32 percent of LPG requirements of India

Qatar to withdraw from OPEC in 2019: Oil markets to be dominated by US, Russia; fractionalised cartel suits India better
Business

Qatar to withdraw from OPEC in 2019: Oil markets to be dominated by US, Russia; fractionalised cartel suits India better

Qatar is not only a major-domo LNG supplier via Petronet LNG, but is also a major foreign portfolio investor (FPI) in Indian equities markets.

Saudi Arabia's Aramco calls off IPO plans, oil giant disbands advisers
Business

Saudi Arabia's Aramco calls off IPO plans, oil giant disbands advisers

Saudi Arabia has called off plans for the domestic and international listing of state oil giant Aramco, billed as the biggest stock flotation in history, four senior industry sources said on Wednesday