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Saudi Aramco hit the $2 trillion target sought by Saudi Crown Prince Mohammed Bin Salman on Thursday as its shares racked up a second day of gains.
Saudis share photos and videos of the crown prince, who made the IPO the centrepiece of his plan to diversify the kingdom's economy away from oil and open up its society.
Oil output capacity was restored on Sept. 25, he told a conference in the United Arab Emirates' city of Fujairah. Oil production was restored to its pre-attack level of about 9.7 million barrels per day or even "a little higher" to replenish inventories, he said.
Saudi Aramco aims to announce the start of its initial public offering (IPO) on Nov.3, three people with direct knowledge of the matter told Reuters, after delaying the deal earlier this month to give advisers
Several Saudi Arabian companies are planning to list shares on the Riyadh exchange in coming months in the wake of oil giant Aramco’s record IPO.
Arabtec Holding, a contractor for social and economic infrastructure, on Tuesday announced that its wholly-owned subsidiary, Target Engineering Construction Company,
Saudi energy company Aramco said Sunday its profits jumped 90 per cent in the second quarter compared to the same time last year, helping its half-year earnings reach nearly $88 billion.
Saudi Aramco on Sunday posted an 82 per cent jump in first quarter profits, buoyed by a global surge in oil prices that has made it the world’s most valuable company.
Saudi Aramco, the world’s largest integrated oil and gas company, wholly owned by the Government of the Kingdom of Saudi Arabia, on Sunday announced its intention to proceed with an initial public offering (IPO) on Riyadh’s Tadawul Stock Exchange.
Saudi Aramco plans to invest $110 billion to develop unconventional gas reserves in Saudi Arabia’s Jafurah field, the state news agency SPA said.
