ARAMCO

Saudi Aramco’s profit plunges, sees signs of oil market recovery

Saudi Aramco’s profit plunges, sees signs of oil market recovery

Published 10/08/2020

DUBAI (Reuters) - State oil giant Saudi Aramco’s profit plunged 73% in the second quarter of the year, as a slump in energy demand and [more…]

Saudi Aramco raises IPO to record $29.4 billion by over-allotment of shares

Saudi Aramco raises IPO to record $29.4 billion by over-allotment of shares

Published 12/01/2020

DUBAI (Reuters) - State-owned oil company Saudi Aramco said on Sunday it had exercised its “greenshoe option” to sell an additional 450 million shares, raising [more…]

Exclusive: Saudi Aramco pursues war cover after attacks – sources

Exclusive: Saudi Aramco pursues war cover after attacks – sources

Published 04/12/2019

LONDON/RIYADH (Reuters) - Saudi Aramco is looking to buy insurance against war and terror attacks after a damaging drone and missile attack on some of [more…]

Saudi Aramco markets IPO in Dubai after approaching Kuwait fund

Saudi Aramco markets IPO in Dubai after approaching Kuwait fund

Published 24/11/2019

DUBAI (Reuters) - Saudi Aramco met investors in Dubai on Sunday to market its initial public offering (IPO), after trying to secure demand from Kuwait’s [more…]

Saudi Aramco won’t breach maximum weight for firms in Saudi index: Argaam

Saudi Aramco won’t breach maximum weight for firms in Saudi index: Argaam

Published 24/11/2019

RIYADH (Reuters) - Saudi Aramco’s weighting in Saudi Arabia’s main stock index once the oil giant has listed shares is not expected to breach the [more…]

Saudi central bank says Aramco IPO not causing liquidity issues for banks

Saudi central bank says Aramco IPO not causing liquidity issues for banks

Published 24/11/2019

RIYADH (Reuters) - Saudi Arabia’s central bank is monitoring banking indicators on a daily basis and is not seeing any impact on liquidity from oil [more…]

Saudi Aramco kick-starts what could be world’s biggest IPO, offers scant details

Saudi Aramco kick-starts what could be world’s biggest IPO, offers scant details

Published 04/11/2019

DHAHRAN, Saudi Arabia/DUBAI (Reuters) - Saudi Arabia’s giant state oil company finally kick-started its initial public offering (IPO) on Sunday, announcing its intention to float [more…]

Saudi Aramco: the oil colossus

Saudi Aramco: the oil colossus

Published 03/11/2019

DUBAI (Reuters) - Aramco, as Saudi Arabian Oil Co is usually known, is set to add another superlative to the list: the world’s most valuable [more…]

Iran says it will destroy any aggressor

Iran says it will destroy any aggressor

Published 22/09/2019

DUBAI (Reuters) - Iran will pursue any aggressor, even if it carries out a limited attack, and seek to destroy it, the head of the [more…]

U.S. blames Iran for Saudi oil attack, Trump says ‘locked and loaded’

U.S. blames Iran for Saudi oil attack, Trump says ‘locked and loaded’

Published 16/09/2019

WASHINGTON (Reuters) - U.S. President Donald Trump said on Sunday the United States was “locked and loaded” for a potential response to the attack on [more…]