A sale of shares in the world’s most valuable oil company is expected in coming days and weeks, following a Wall Street Journal report that the kingdom planned a large fundraising.
The Government of the Kingdom of Saudi Arabia and Saudi Arabian Oil Company (Saudi Aramco) have announced the launch of a secondary public offering (SPO) of 1.545 billion ordinary shares, representing approximately 0.64% of the company’s…
Saudi Arabia is expected to launch as soon as Sunday a secondary share sale in its oil giant Aramco, Reuters reported on Thursday, quoting sources familiar with the plans. The landmark new share offering needs final approval from Saudi…
Saudi Arabia is likely to announce as soon as this week plans to sell $10 billion to $20 billion of stock in Aramco, according to people familiar with the matter.
With the global energy transition picking up steam, hundreds of companies have laid out plans to cut their greenhouse gas emissions with the more ambitious ones pledging to achieve net zero emissions. Given this backdrop, Big Oil companies…
Aramco’s shares climbed slightly higher today after media reports that the company planned to sell more shares as soon as next month. The news about a planned sale was exclusively reported by Reuters, which cited two unnamed sources as…