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2 mins read
Saudi Arabia to raise $12 billion by selling more shares in Saudi Aramco amid Neom struggles
The sale comes amid Saudi Crown Prince Mohammed bin Salman's Vision 2030 plan to diversify the king…
Polly Thompson
1 min read
Saudi Aramco is reportedly considering an IPO for its trading unit as oil prices soar
Saudi Aramco's trading unit could be valued at more than $30 billion, sources told Bloomberg. The o…
Carla Mozée
1 min read
Apple dethrones oil giant Saudi Aramco as the world's most valuable company
Shares of Apple surged on Friday after the company reported quarterly earnings on Thursday that ble…
Carmen Reinicke
2 mins read
$1.7 trillion giant Saudi Aramco's profits drop almost $6 billion after oil prices crash below $0
Saudi Aramco reported a net income of $16.7 billion in the first quarter of 2020, down 25% from $22…
Saloni Sardana
2 mins read
Reliance could soon be ready with the IPOs of Jio and its retail business
"Following the rights issues and 24.7 per cent sell down in Jio, RIL is now effectively debt fr…
PTI
1 min read
Saudi Arabia in talks to sell 1% of oil giant Aramco to global energy firm, report says
An unnamed energy firm from a "huge" country is in talks about buying a stake in Saudi Arabia's Ara…
Carla Mozée
2 mins read
Saudi Arabia officially kicked of Saudi Aramco's IPO, which could be the largest in the world
Al-Rumayyan went on to say that the percentage of local versus international investors is yet to be…
Carmen Reinicke
4 mins read
Saudi Arabia is spending billions on sports, tech and everything in between for a post-oil world
The Gulf kingdom is spending billions on sport, media, and technology as part of a drive to transfo…
Beatrice Nolan,Hasan Chowdhury
1 min read
Saudi Aramco shares are spiking after hitting the market in the world's biggest-ever IPO
The offering raised $25.6 billion, according to the Financial Times, putting it just ahead of the p…
Kieran Corcoran
2 mins read
Aramco's IPO is set to be Saudi only after it reportedly scrapped its London roadshow
Last week, ex-CIA chief David Petraeus told CNBC in an interview that Saudi Arabia was running out …
Yusuf Khan
2 mins read
Saudi Arabia is reportedly trying to get the Kingdom's billionaires to buy stock in Aramco's mega-IPO
The Saudis are currently negotiating with the nation's wealthiest citizens for the purchase of larg…
Yusuf Khan
2 mins read
China is reportedly considering a $10 billion investment in Saudi Aramco's record-shattering IPO
The firm is reportedly targeting a valuation between $1.5 billion and $2 billion, though some analy…
Ben Winck
1 min read
Saudi Aramco's IPO will reportedly value the oil giant at $1.7 trillion, making it the biggest in history
The state-owned oil company is expected to raise $25.6 billion from the IPO, The Journal reported. …
Carmen Reinicke
3 mins read
Saudi Arabia is 'running out of money' and needs the Aramco IPO cash, ex-CIA director says
The ex-CIA chief said that his firm put $2 billion into the UAE and was now looking at other places…
Yusuf Khan
3 mins read
'Buy 2, Get 3', sharp correction in RIL is an opportunity to buy: Kotak Institutional Equities
"Buy 2, get 3" is the word from Kotak Institutional Equities as it reckons that the sharp correctio…
2 mins read
We just got the latest sign that Saudi Aramco's record-shattering IPO will soon be a reality
Should Aramco list 5% of its shares at a $2 trillion valuation, the IPO could raise as much as $100…
Ben Winck
1 min read
1 min read
From an unexplored desert to a near $2 trillion IPO: The 86-year history of Saudi Aramco in pictures
The drilling crew of Dammam Well No. 7 pose on the steps of the rig in 1937 or 1938. Drilling for o…
Will Martin
2 mins read
Saudi Aramco is reportedly weighing a delay to its record-setting IPO after drone attacks
Saudi officials want to value the company at $2 trillion, but other bankers and even Aramco executi…