The planned IPO for the world’s most profitable company is moving ahead
ipo
Posted inDRILLING & PRODUCTION
Saudi Aramco to announce listing plan in October
The company will announce its intention to float toward end-October, and could list on Tadawul as early as November
Posted inDRILLING & PRODUCTION
Saudi Arabia reportedly considering doubling Aramco stake to be offered in IPO
The kingdom could list up to 10% of Saudi Aramco, the Wall Street Journal reported
Posted inDRILLING & PRODUCTION
Saudi Aramco reportedly adds Barclay and Deutsche as IPO bookrunners
The company is moving ahead with the IPO despite recent attacks on its oil infrastructure
Posted inDRILLING & PRODUCTION
Saudi Aramco asks banks to submit proposals for IPO roles
The initial public offering has been delayed multiple times, but appears to be back on track
Posted inDRILLING & PRODUCTION
Saudi Aramco net income drops to $46.9bn in H1 2019
The oil giant for the first time held an earnings call to reveal its financial results for the first half of 2019
Posted inDRILLING & PRODUCTION
Saudi Aramco will reportedly reduce spending on oil ministry
The company is trying to clarify links to the government as it pushes after a public listing
Posted inDRILLING & PRODUCTION
Saudi Aramco releases annual financial results, will host first mid-year earnings call
The company is becoming increasingly transparent as it tests the waters of a potential public listing
Posted inDRILLING & PRODUCTION
Saudi Aramco could issue $10bn bond to fund Sabic acquisition
Saudi Arabia’s energy minister, Khalid Al-Falih, reportedly said Aramco has plans to tap the bond market in Q2 2019
Posted inDRILLING & PRODUCTION
Saudi Aramco CEO: $500bn earmarked for investment in next 10 years, Sabic deal is vital, company still committed to IPO
The oil and gas giant expects negotiations with the Saudi Public Investment Fund to conclude soon, according to Bloomberg