Around $10 billion will be raised by selling a stake in Aramco’s pipelines
ipo
Posted inPeople
ADNOC Distribution appoints new CFO
Mohamed Al-Hashimi will move from COO of the company to take on the role of CFO
Posted inDRILLING & PRODUCTION
Most Gulf Cooperation Council IPO aspirations in doubt due to COVID-19 impact, says GlobalData
After Saudi Aramco’s initial public offering, other countries in the GCC have expressed the possibility of an IPO
Posted inDRILLING & PRODUCTION
Bahrain could consider selling off oil and gas assets
The country is working on the project and may decide to proceed with it later this year
Posted inDRILLING & PRODUCTION
Saudi Aramco opens second day of trading with valuation over $2trn
Saudi Aramco’s shares were valued at $10.32 (SAR 38.7) per share when the market opened
Posted inNews
Scaramucci says Aramco IPO ‘reasonably priced’, predicts international listing
Former White House communications officer Anthony Scaramucci called the IPO a success, and expects an international listing would also perform well
Posted inDRILLING & PRODUCTION
Saudi Aramco valued at $1.88trn after market debut
The company’s shares hit the daily 10% limit of $9.39 (35.20 Saudi riyals) as trading began today
Posted inDRILLING & PRODUCTION
Saudi Aramco IPO sets new records but raises questions for businesses in Saudi Arabia, says GlobalData
Following the recent news that Saudi Arabia’s national oil company has completed the initial public offering of 3 billion shares raising $25.6bn, Richard Thompson, editorial director at GlobalData, a leading data and analytics company, offers his view.
Posted inDRILLING & PRODUCTION
Saudi Aramco’s $25.6bn IPO will be the world’s largest
Saudi Aramco has decided on a valuation of $8.53 per share, allowing it to unseat Alibaba’s $25bn as the world’s largest IPO
Posted inDRILLING & PRODUCTION
Oman Oil Co plans IPO for up to 25% shares in 2020
The potential IPO could raise funds to address the nation’s debt, with $4bn budget deficit between January and September 2019