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Wednesday, July 24, 2019

Tag: Aramco

Bankers question whether Aramco IPO is worth their effort

The delays in the IPO has many banks involved in it questioning if they should move on.

Yemeni rebels attack southern Saudi airport with a drone

Saudi authorities say the explosive-laden drone attack a 'vital installation used by civilians.'

Saudi wealth fund said to seek bridge loan of up to...

The Public Investment Fund, or PIF, is looking for a bridge loan that will be fully underwritten by lenders.

Aramco’s US$12 bil bond deal fizzles as sell-off extends

Despite a decline in oil prices, risk premiums on Aramco's US$12 billion bonds climbed well.

Aramco breaks record as demand for its bond tops US$100 bil

Aramco's bonds have attracted demand from a wide range of investors.

Aramco order book said to be above US$40 bil for debut...

The Aramco deal is one of the most hotly anticipated bond deals of the year.

Saudi Arabia’s `win-win-win’ megadeal is no dead cert for Aramco

The deal between three government-owned entities moves money from one pocket of the state to another.

Saudi Aramco looking for investors ahead of billion dollar bond

International demand for Aramco's bonds is expected to be hefty.

Saudi Aramco buys 70% of Sabic for US$69.1 billion

The deal had been in negotiations for months.

Saudi Arabia to meet banks on export-credit finance plans

Saudi Arabia is embarking on an ambitious economic transformation plan involving infrastructure projects worth billions of dollars.

StanChart, BNP among banks said to be added to Saudi Aramco...

Two Japanese lenders - Mitsubishi UFJ Financial Group Inc., Mizuho Financial Group Inc. - as well as Samba Financial Group and Gulf International Bank BSC are said to be among those being appointed.

Saudi crown prince to visit Indonesia next week

Crown Prince Mohammed bin Salman's two-day visit to the world's biggest Muslim majority country kicks off Monday, but Jakarta supplied few details about his itinerary.

Saudi energy giant Aramco signs deals worth US$27.5 billion

Aramco CEO Amin Nasser said Monday the company signed US$27.5 billion in a total of 31 commercial collaborations.

Saudi Aramco ‘absolutely ready’ for IPO

Saudi Arabia plans to sell up to 5% of the world's largest energy firm and hopes to raise up to US$100 billion.

Saudi Crown Prince’s 2021 Aramco IPO deadline is a daunting test

The 33-year-old heir to the Saudi throne wants Aramco to complete a deal to buy a US$70 billion stake in the kingdom’s biggest petrochemical company, Sabic, issue debt to finance the acquisition and go public by late 2020 or early 2021.

Saudi Crown Prince vows Aramco IPO by 2021, keeps to US$2...

The IPO project was first announced in 2016 as the cornerstone of the prince’s Vision 2030 plan to modernize the Saudi economy.

Petronas-Saudi refinery offloads first oil cargo

The cargo of 2 million barrels of crude oil supplied by Petronas and Aramco will be used for the commissioning and testing activities set to start next month.

Saudi sovereign fund picks Goldman, BAML, Klein for SABIC sale

State-owned oil company Aramco plans to buy a controlling stake in SABIC, possibly taking the sovereign Public Investment Fund's (PIF) entire 70% holding.

Saudi Aramco to hold joint event with S.Korea’s S-Oil at big...

S-Oil is South Korea's third-biggest refiner, selling fuels like gasoline, diesel or jet fuel globally. Its main supplier of feedstock crude oil is Saudi Aramco.

Saudi aims to keep crude in US$70 to US$80 band

Trump intervention prompted Saudi to moderate price aims.

Najib: Hubungan baik dengan Saudi punca Malaysia dapat kuota tambahan haji

Bekas perdana menteri itu berkata, kuota tambahan istimewa itu digunakan 1MDB untuk menghantar umat Islam menunaikan ibadah haji

Saudi sovereign fund appoints ex-CEO of Dow Chemical as special adviser

PIF said Liveris had extensive experience working in Saudi Arabia the last two decades and under his leadership, Dow DuPont worked with Aramco to develop the Sadara Chemical petrochemical complex.

Saudi bulls retreat after Aramco letdown adds to shock over policy

Aramco is weighing selling bonds abroad for the first time in what could be the largest offering ever by a corporate, according to people familiar with the talks.

Aramco listing plan halted, oil giant disbands advisors

Aramco's proposed listing was a central part of Crown Prince Mohammed bin Salman's reform drive to restructure the kingdom's economy and reduce its dependence on oil revenue.