You have searched for "Saudi Aramco"
Showing 1-10 of 835
KUALA LUMPUR: Malaysian state energy company Petronas said on Friday it will not participate in Saudi Aramco’s initial public offering, expected to be the world’s biggest share sale.
DUBAI: Saudi Arabia’s central bank doubled leverage limits for retail investors looking to buy shares in oil giant Saudi Aramco, according to people familiar with the matter, part of an effort to boost local demand for what could be the world’s largest initial public offering (IPO).
LONDON: Two years ago, when the initial public offering of Saudi oil giant Aramco held the imagination of foreign investors, President Donald Trump felt compelled to publicly lobby for the share sale to happen in America.
DUBAI: Saudi Arabia set a valuation target for Aramco’s initial public offering well below Crown Prince Mohammed bin Salman’s goal of $2 trillion and pared back the size of the sale to ensure the world’s largest oil producer successfully lists on the Riyadh stock exchange next month.
DUBAI: Saudi Arabia put a preliminary valuation on its state-owned oil giant Aramco of between US$1.6 trillion and US$1.71 trillion, short of the US$2 trillion target set by Crown Prince Mohammed bin Salman in 2016.
SAUDI Aramco set a price range for its blockbuster listing that implies the oil giant is worth between $1.6 trillion and $1.7 trillion, below the $2 trillion Saudi Crown Prince Mohammed bin Salman previously targeted.
DUBAI: Saudi stocks fell, reversing earlier gains, as investors digested the kingdom’s plan to sell a 1.5% stake in the state oil company.
MALAYSIA’S only company in the Fortune 500 list has sometimes been touted as a listing candidate for the government – if it needs to raise funds.
The upcoming listing of the world’s largest company in terms of market capitalisation and profitability has indeed come at a time when we in Malaysia should perhaps be asking the same question – should we list Petronas on Bursa Malaysia?
OIL prices have gained around 10% since early October, and prices are expected to be supported in the near term by easing recession risks and tightening supply-demand balances.