© Reuters. FILE PHOTO: The logo of Saudi Aramco is seen at Aramco headquarters in Dhahran DUBAI (Reuters) – State-owned oil company Saudi Aramco (SE:) said on Sunday it had exercised its “greenshoe option” to sell an additional 450 million shares, raising the size of its initial public offering (IPO)Read More →
© Reuters. A trader uses a computer at the Doha Stock Exchange in Doha DUBAI (Reuters) – Shares of Saudi Aramco (SE:) opened at 34 riyals ($9.06) on Wednesday, their lowest level since the oil giant began trading on December 11, after Iran launched missiles on U.S. targets in Iraq.Read More →
Saudi Aramco shares have tumbled 10% from their peak levels less than a month after IPO, however, it still looks too expensive compared to peers. Last week the U.S. ordered a drone strike which killed Iran’s most prominent general Qassem Soleimani and caused crude oil futures (TICKER:UK:BRENT CRUDE) to brieflyRead More →
DUBAI (Reuters) – Gulf stocks fell sharply in late afternoon trade on Sunday, with Kuwaiti and Saudi stocks leading losses. Shares of oil giant Aramco (SE:), which listed last month in a record initial public offering (IPO), fell 1.7% to hit the lowest level since it started trading on DecRead More →
© Reuters. Participants attend the official ceremony marking the debut of Saudi Aramco’s IPO on the Riyadh’s stock market, in Riyadh DUBAI (Reuters) – Saudi Aramco (SE:) shares were up 1% at 37.2 riyals ($9.89) in early trade on Sunday. The state-owned oil company listed 1.5% of its shares atRead More →
© Reuters. Amin H. Nasser, President and CEO of Aramco, attends the official ceremony marking the debut of Saudi Aramco’s initial public offering (IPO) on the Riyadh’s stock market, in Riyadh DUBAI (Reuters) – Saudi Aramco’s (SE:) share price jumped 10% for the second consecutive day, hitting 38.7 riyals ($10.32)Read More →
© Reuters. Saudi Aramco Investors Should Cash Out Now, Bernstein Says (Bloomberg) — Saudi Aramco (SE:) investors should take profit now after shares in the world’s biggest company jumped 10% in their first day of trading Wednesday, analysts at Sanford C. Bernstein & Co. recommended in a note to clients.Read More →
© Reuters. FILE PHOTO: Sign of Saudi Aramco’s IPO is seen during a news conference by the state oil company in Dhahran By Hadeel Al Sayegh, Marwa Rashad and Rania El Gamal DUBAI/RIYADH Reuters) – State-owned oil giant Saudi Aramco’s initial public offering (IPO) will be the biggest in history,Read More →
© Reuters. FILE PHOTO: Amin H. Nasser, president and CEO of Saudi Aramco, speaks during a news conference in Dhahran By Ahmed Hagagy, Tuqa Khalid and Hadeel Al Sayegh DUBAI (Reuters) – Saudi Aramco met investors in Dubai on Sunday to market its initial public offering (IPO), after trying toRead More →
© Reuters. FILE PHOTO: Saudi Aramco logo is pictured at the oil facility in Abqaiq By Saeed Azhar, Hadeel Al Sayegh, Rania El Gamal and Clara Denina DUBAI/LONDON (Reuters) – The army of banks working on Saudi Aramco’s listing will earn combined fees of $90 million or less, according toRead More →
Saudi Aramco said it is aiming for a valuation of $1.6 trillion to $1.7 trillion from the planned initial public offering of the state-owned energy giant, falling well short of the initial $2 trillion targeted by Saudi Crown Prince Mohammed bin Salman in what could still be the world’s biggestRead More →
© Reuters. A Saudi man reads the prospectus of Aramco IPO, in Riyadh By Hadeel Al Sayegh, Saeed Azhar and Rania El Gamal DUBAI (Reuters) – Saudi Aramco is worth up to $1.7 trillion at the price range set by the oil giant on Sunday, below the $2 trillion soughtRead More →
By Marwa Rashad RIYADH (Reuters) – “No voice is louder than that of the Aramco IPO, the largest IPO on earth,” declared Ahmed Al-Arfaj, a Saudi Arabian TV talk show host, drumming up demand for what could be the world’s biggest initial public offering. State oil giant Saudi Aramco beganRead More →
DUBAI (Reuters) – Saudi Aramco does not plan to market its domestic initial public offering (IPO) in the United States, two sources familiar with the matter said. Aramco had said in its IPO prospectus earlier this month that the offering of shares would rely on the 144A rule of theRead More →
By Clara Denina and Simon Jessop LONDON (Reuters) – MSCI, the world’s biggest index provider, will follow in the footsteps of S&P Jones and Russell, which told clients this week that they could fast-track Saudi Aramco’s inclusion into their indexes as soon as December. Typically, providers of indexes which areRead More →
By Marwa Rashad and Davide Barbuscia RIYADH/DUBAI (Reuters) – The imminent listing of oil giant Aramco will be a pivotal moment for Saudi Arabia’s young and untested Tadawul stock exchange. The Tadawul has said it has been preparing for years and is primed for the long-awaited share sale in comingRead More →
© Reuters. FILE PHOTO: A Saudi Aramco sign at the company’s Abqaiq oil plant By Saeed Azhar, Hadeel Al Sayegh, Aziz El Yaakoubi and Maher Chmaytelli DUBAI (Reuters) – Saudi state oil giant Aramco will sell 0.5% of its shares to individual retail investors and the government will have aRead More →
© Reuters. Aramco Needs More Than Bourse’s Invisible Hand to Buoy Its Stock (Bloomberg) — Saudi Aramco’s shares, when they’re finally issued, may just prove to be havens in a volatile region. At least in the beginning. Given the wide-spread speculation that government-related funds prop up the market when timesRead More →
© Reuters. FILE PHOTO: Smoke is seen following a fire at an Aramco factory in Abqaiq By Davide Barbuscia, Alex Lawler and Marwa Rashad DUBAI/LONDON/RIYADH (Reuters) – Saudi Arabia is unlikely to list its state-owned oil giant Aramco this year after attacks this month on its facilities, two sources withRead More →
© Reuters. Attacks on Saudi Oil Plants Risk Lowering Aramco IPO Valuation (Bloomberg) — As bankers discussed Saudi Aramco’s initial public offering at the Ritz Carlton hotel in Dubai last week, a drone attack was being planned to hit the heart of its operations over the weekend. It caused SaudiRead More →
© Reuters. Smoke is seen following a fire at Aramco facility in the eastern city of Abqaiq By Saeed Azhar DUBAI (Reuters) – Saudi stocks plunged 2.3% as the market opened on Sunday, after attacks on two plants at the heart of the kingdom’s oil industry a day earlier knockedRead More →
© Reuters. FILE PHOTO: An Aramco oil tank is seen at the Production facility at Saudi Aramco’s Shaybah oilfield in the Empty Quarter By Joshua Franklin and Hadeel Al Sayegh (Reuters) – JPMorgan Chase & Co (N:) is close to winning the lead advisory role for Saudi Aramco’s initial publicRead More →
© Reuters. FILE PHOTO: Logo of Saudi Aramco is seen at the 20th Middle East Oil & Gas Show and Conference (MOES 2017) in Manama By Chen Aizhu, Rania El Gamal and Meng Meng SINGAPORE/DUBAI/BEIJING (Reuters) – Saudi Aramco plans to sign preliminary deals to invest in two oil refiningRead More →
© Reuters. FILE PHOTO: Logo of Saudi Aramco is seen at the 20th Middle East Oil & Gas Show and Conference (MOES 2017) in Manama NEW DELHI (Reuters) – Saudi Aramco said on Wednesday that investing in India is a priority for the company, and it expects the country’s oilRead More →
