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Nov 4, 2019 · July 2, 2019 - Banks including JPMorgan, Morgan Stanley and HSBC scramble to re-pitch for Aramco IPO roles, sources say, with Saudi Arabia's energy minister confirming plans for the listing to...
1 day ago · Illustration shows Saudi Aramco logo and natural gas ... Aramco shares have risen from an IPO price of 32 riyals to a high of 38.64 riyals a year ago. ... Waystar Plans $950 Million IPO Launch as ...
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- Who Owns Saudi Aramco?
- Saudi Aramco’s Investment in The U.S.
- Can and Should Americans Invest?
- How The IPO Plays Into Climate Change
In the midst of the country’s growing budget deficit, the Saudi government is selling off 1.5 percent of its stake in the state-owned Saudi Aramco to raise $25.6 billion during the IPO. The petroleum sector accounts for about 87 percent of Saudi Arabia’s budget revenues, according to the CIA World Factbook.Saudi Aramco has a monopoly on the nation’...
Saudi Aramco’s numerous business ventures, as well as its IPO, demonstrate it “is a national oil company that wants to become a global energy company,” said Karen Young, a resident scholar at the American Enterprise Institute who focuses on Middle East economies. Much of Saudi Aramco’s expansion focuses on developing countries in Asia, where demand...
Saudi Aramco ultimately decided not to list on the New York Stock Exchange, reportedly because doing so could avail the company — and by extension the Saudi government — to lawsuits in the United States’ jurisdiction. One of the most prominent lawsuits against the country is being brought by the families of 9/11 victims who claim the Saudi governme...
Saudi Arabia said Monday the kingdom is reinvesting the moneyit makes from the IPO into other forms of revenue. At the moment, iIt’s unclear what those other revenue channels would be, but by diversifying its assets, the Saudi government hopes to shield itself from any anticipated downturns in the oil industry. “The U.S. should want financial stabi...
Nov 3, 2019 · Saudi Aramco has confirmed it is planning to list on the Riyadh stock exchange, in what could be the world's biggest initial public offering (IPO). The state-owned oil giant will determine the...
Jan 12, 2020 · Updated Sun, Jan 12, 2020, 1:09 AM. DUBAI (Reuters) - State-owned oil company Saudi Aramco said on Sunday it had exercised its "greenshoe option" to sell an additional 450 million shares,...
Nov 13, 2019 · Early December may be the earliest as the company is completing the process over the coming weeks to determine the price range. How is the IPO likely to impact the Saudi economy?
