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Saudi Aramco says IPO priced at top to make it world's biggest IPO

State-owned oil giant Saudi Aramco has priced its initial public offering (IPO) at the top of its indicative range, the company said on Thursday, making it the world's biggest flotation, above..
Reuters - Published

Exclusive: Saudi Aramco pursues war cover after attacks - sources

Saudi Aramco is looking to buy insurance against war and terror attacks after a damaging drone and missile attack on some of its oil facilities in September, two sources told Reuters.
Reuters - Published

Saudi Aramco's bookrunners recommend pricing IPO at top end: sources

Saudi Aramco's bookrunners have recommended pricing its initial public offering at 32 riyals ($8.5) per share, the top of an indicative price range, three sources familiar with the deal said,..
Reuters - Published

Saudi auto services firm raises $50 million to invest in Aramco IPO

Saudi Automotive Services Co said on Wednesday it is raising 190 million riyals ($50.67 million) in debt to invest in the initial public offering of state-owned oil giant Saudi Aramco.
Reuters - Published

Institutions have subscribed for 5.9 billion shares of Aramco IPO - lead bankers

Saudi Aramco has received orders worth 189.04 billion riyals ($50.4 billion) for the institutional tranche of its planned initial public offering (IPO), its financial advisers said in a joint statement..
Reuters - Published

Saudi Aramco IPO institutional tranche 2.95 times oversubscribed

The institutional tranche of Saudi Aramco's planned initial public offering (IPO) has been almost three times oversubscribed, receiving orders worth 189.04 billion riyals ($50.4 billion), financial..
Reuters - Published

Saudi Arabia wants OPEC+ to deepen oil cuts due to Aramco IPO

OPEC and its allies plan to deepen oil cuts and have the deal in place so it runs at least until June 2020 as Saudi Arabia wants to deliver a positive surprise to the market before the listing of Saudi..
Reuters - Published

OPEC November oil output slips before Aramco IPO, policy meeting

OPEC oil output has fallen in November as Angolan production has slipped due to maintenance and Saudi Arabia has kept a lid on supply to support the market before the initial public offering (IPO) of..
Reuters - Published

Saudi Aramco IPO oversubscribed so far, but not by big margin

Saudi Aramco's initial public offering (IPO) was on course to be oversubscribed but not by a huge margin, according to figures released so far by the lead manager before a Dec. 4 close for..
Reuters - Published

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

Saudi Aramco's weighting in Saudi Arabia's main stock index once the oil giant has listed shares is not expected to breach the maximum limit set by the Gulf kingdom's Tadawul exchange, a senior..
Reuters - Published

Saudi Aramco markets IPO in Dubai after approaching Kuwait fund

Saudi Aramco met investors in Dubai on Sunday to market its initial public offering (IPO), after trying to secure demand from Kuwait's sovereign wealth fund for the deal, worth up to $25.6 billion,..
Reuters - Published

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

Saudi Arabia's central bank is monitoring banking indicators on a daily basis and is not seeing any impact on liquidity from oil giant Aramco's initial public offering (IPO), its governor said on..
Reuters - Published

Saudi Aramco's CEO met Kuwait sovereign fund to discuss IPO: source

Saudi Aramco's top executives have met officials of Kuwait's sovereign wealth fund to convince them to invest in the oil giant's initial public offering (IPO), which could raise as much as $25.6..
Reuters - Published

Aramco IPO: It's a thanks, but no thanks from Malaysia's Petronas

With Saudi Aramco yet to name any major foreign investors in its upcoming share sale, Malaysia's state energy company Petronas [PETR.UL] decided to take a pass on Friday.
Reuters - Published

Alibaba, Aramco share sale bonanza fails to produce fee windfall for banks

A late-year rush of giant global share sales led by Alibaba's $13 billion Hong Kong listing and Aramco's $26 billion initial public offering is failing to deliver an equivalent payday for equities..
Reuters - Published

Saudi Aramco in race for IPO record with $1.7 trillion top value

Saudi Aramco is worth up to $1.7 trillion at the price range set by the oil giant on Sunday, below the $2 trillion sought by Saudi's crown prince but putting it in the running to become the world's..
Reuters - Published

'Crown jewel' Aramco stirs loyal Saudi demand for giant IPO

From taxi drivers to clerics, Saudis clamoring to own part of state oil giant Aramco went online and to local banks on Sunday at the start of a long-delayed share sale for what could be the world's..
Reuters - Published

Aramco IPO range values Saudi oil giant at up to $1.7 trillion

Saudi Aramco is worth up to $1.7 trillion at the IPO price range set by the oil giant on Sunday, below the $2 trillion targeted by Saudi's crown prince but still vying for the title of the world's..
Reuters - Published

Factbox: Saudi Aramco - the oil colossus

Saudi Aramco set a price range for its blockbuster listing that implies the oil giant is worth between $1.6 trillion and $1.7 trillion, below the $2 trillion Saudi Crown Prince Mohammed bin Salman..
Reuters - Published

Eager Saudis prepare to snap up stakes in 'crown jewel' Aramco

"No voice is louder than that of the Aramco IPO, the largest IPO on earth," declared Ahmed Al-Arfaj, a Saudi Arabian TV talk show host, drumming up demand for what could be the world's biggest initial..
Reuters - Published

Saudi Aramco flotation values oil giant at $1.7tn

The Saudi Arabian state oil firm says 1.5% of its shares will be put up for sale.
BBC News - Published

Saudi Aramco valuation set at up to $1.7 trillion, no overseas roadshows for IPO

Saudi Aramco has set a price range for its listing that implies the oil giant is worth between $1.6 trillion to $1.7 trillion, below the $2 trillion the Saudi crown prince had targeted but still making..
Reuters - Published

Saudi Aramco will not market IPO in the United States: sources

Saudi Aramco does not plan to market its domestic initial public offering (IPO) in the United States, two sources familiar with the matter said.
Reuters - Published

Giant Aramco listing a critical test for young Saudi exchange

The imminent listing of oil giant Aramco will be a pivotal moment for Saudi Arabia's young and untested Tadawul stock exchange.
Reuters - Published

Saudi Aramco unveils next stage of blockbuster flotation

Saudi Arabia oil giant says 0.5% of shares will be offered to retail savers - but there are risks.
BBC News - Published

IPO prospectus lays out main risks to Aramco's operations

Saudi state oil giant Aramco unveiled the prospectus for its initial public offering (IPO) on Saturday, laying out the main material risks that may adversely affect the company's business or its..
Reuters - Published

Saudi Aramco prospectus flags risks, gives few details on IPO size

By Saeed Azhar, Hadeel Al Sayegh, Aziz El Yaakoubi and Maher Chmaytelli
Reuters - Published

Saudi Aramco confirms to sell 0.5% to retail investors, lockup period for government

State-owned Saudi Aramco will sell 0.5% of its shares to individual shareholders and the government will have a lockup period of at least six months on further share sales after the initial public..
Reuters - Published

Saudi Aramco targets sale of 0.5% of oil firm to retail investors in IPO: sources

Saudi Aramco is looking to sell up to 0.5% of the state oil giant to retail investors in its planned initial public offering (IPO), three sources familiar with the matter told Reuters.
Reuters - Published

Japanese companies likely to spurn Saudi Aramco IPO: JXTG president

Japanese companies are unlikely to invest in Saudi Aramco's blockbuster initial public offering (IPO) because it is difficult to evaluate the value of the world's biggest oil company, the head of..
Reuters - Published

Aramco share sale curb rules out overseas listing for at least a year

The Saudi government plans to sell 2% of state oil giant Aramco in a domestic listing on Dec. 11, three sources familiar with the matter said, but restrictions on future share sales mean an..
Reuters - Published

Saudi government to have one-year restriction on selling more Aramco shares after IPO: sources

The Saudi government will be subject to a one-year restriction on selling additional Aramco shares in the oil company after a planned initial public offering (IPO), three sources familiar with the..
Reuters - Published

Give or take a trillion: Investors in the dark on Saudi Aramco value

Saudi Aramco's blockbuster listing remained shrouded in mystery on Monday, a day after the company finally announced its plans, with scant details disclosed and expert valuations varying wildly from..
Reuters - Published

Saudi Aramco value in bank research varies by more than $1 trillion: sources

Valuations for Saudi Aramco vary by more than $1 trillion, according to fund managers who have seen banks' research, underscoring the uncertainty hanging over what could be the world's largest stock..
Reuters - Published

Analyst research gives wide range for Aramco valuation: sources

Analysts provided wide valuation estimates for Saudi Aramco, ranging between $1.2 trillion and $2.3 trillion, fund managers who have seen research notes said, as the oil giant kick-started its initial..
Reuters - Published

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

By Rania El Gamal, Marwa Rashad, Saeed Azhar and Davide Barbuscia
Reuters - Published

Aramco chairman expects strong demand for IPO from global institutions: Al Arabiya

Saudi Aramco chairman, Yasir al-Rumayyan, expects strong demand from global institutions for Aramco's initial public offering (IPO), he told Al Arabiya news channel.
Reuters - Published

Highlights of Saudi Aramco's intention to float

Saudi Arabia's state oil company kicked off its initial public offering (IPO) on Sunday by announcing its intention to float on the Riyadh bourse.
Reuters - Published

Timeline: Saudi Aramco's winding road to an IPO

Saudi Arabia's state oil company finally kick-started its initial public offering (IPO) on Sunday, announcing its intention to list nearly four years after Crown Prince Mohammed bin Salman first..
Reuters - Published

Saudi working on speeding up Aramco IPO process: NCB executive

The Saudi government is working to accelerate the listing process for Saudi Aramco's initial public offering on the Saudi stock exchange to around two weeks, an executive from NCB Capital said on..
Reuters - Published

Aramco says attack did not impact finances, operations

Saudi Aramco said it does not expect a recent attack on its oil plants to have a material impact on finances and operations as it launched an initial public offering (IPO) on Sunday by announcing its..
Reuters - Published

Saudi Arabia starts Aramco IPO process

Saudi Arabia's state oil company kick-started its initial public offering (IPO) on Sunday, announcing its intention to list on the domestic bourse as the kingdom seeks to diversify and create the..
Reuters - Published

Saudi Aramco chairman says firm will continue to meet global oil supply demand post listing

Saudi Aramco's chairman Yasser al-Rumayyan said on Sunday the state oil giant would continue to meet its global oil supply demand after it lists on the Riyadh bourse.
Reuters - Published

Saudi Aramco IPO: World's most profitable company to go public

Stock market flotation of the Saudi oil giant Aramco could be the world's biggest initial public offering.
BBC News - Published



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