Innovative Energy is jointly owned by Saudi Arabia’s PIF, ADES Investments, and Zamil Investments
PIF
Posted inProducts & Services
European Commission clears $69 billion Saudi Aramco SABIC acquisition
Saudi Aramco agreed to purchase a 70% stake in Saudi chemicals giant SABIC from the Public Investment Fund for $69 billion
Posted inDRILLING & PRODUCTION
EU antitrust regulators to rule on Aramco’s $69.1bn SABIC acquisition in February
If it does not clear the deal, the Commission can open an investigation of up to five months
Posted inDRILLING & PRODUCTION
Saudi Aramco IPO should be judged on its impact not its valuation, says GlobalData
GlobalData says the long-term value of the IPO, and its impact on Saudi Arabia’s economic diversification, outweighs potential concerns about its valuation
Posted inDRILLING & PRODUCTION
Saudi Aramco to delay Sabic acquisition payment by four years
Aramco will only pay one third of the $69.1bn in cash, its IPO documents revealed
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
Separation between Aramco and government “a must”: Prince Abdulaziz
In his first interview since taking on the position of Saudi Arabia’s energy minister, Prince Abdulaziz bin Salman confirmed that Saudi Aramco’s relationship to the government will be kept at a distance
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 inProducts & Services
PIF buys 40% stake in Aramco and Jacobs Engineering joint venture
Jasara Program Management was created in 2017 as a joint venture between Saudi Aramco and Jacobs Engineering to provide management services for local and regional social infrastructure projects
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