Aramco Ipo Latest News

Majority of aramco workforce is in back to office mode gulf news 08 43 3 sep 20 saudi aramco makes new oil and gas discoveries upstream 08 36 3 sep 20 aramco delays multi billion dollar lng petrochemicals projects the hindu business line 04 42 3 sep 20.

Aramco ipo latest news. Aramco will sell just 1 5 of its shares on the the local stock exchange the tadawul. The company is expected to announce the final price on dec. The state owned oil giant will determine the ipo. Deputy for investor services at saudi arabia s ministry of investment says that saudi aramco ipo was tip of the iceberg for opportunities the kingdom has embarked on a huge shake up of its.

More than three years after the ipo was first mooted aramco published a so called intention to float on sunday the most dramatic change to the saudi oil industry since the company was. Aramco completes its acquisition of a 70 stake in sabic from the public investment fund pif the completion of the transaction enhances aramco s presence in the global petrochemicals industry a sector expected to record the fastest growth in oil demand in the years ahead. London vienna cnn business saudi arabia has just pulled off the biggest initial public offering in history raising 25 6 billion by selling shares in its giant state owned oil monopoly. Saudi arabia is moving forward with an initial public offering of its huge state oil producer that could shatter records and give investors the chance to own a piece of the world s most profitable.

5 according to the ipo prospectus. Aramco officially known as saudi arabian oil co declined to comment.