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Tag Archives: Aramco

Saudi Aramco garners orders worth $38.4 billion

Saudi Aramco has received orders worth 144.1 billion riyals ($38.4 billion) for the institutional tranche of its planned initial public offering (IPO), its financial advisers said in a joint statement on Monday. The institutional bookbuilding began on Nov. 17 and investors have until Dec. 4 to place orders. Aramco plans …

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Saudi Arabia in defence talks with US

Saudi Arabia’s deputy defense minister said on Thursday he discussed regional security and military cooperation with senior U.S. government officials at a time of heightened tension with Iran following last month’s attacks on Saudi oil facilities. Saudi Arabia and the United States blamed common foe Tehran for the Sept. 14 …

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Saudi Aramco IPO should go according to plan

Saudi Aramco Chief Executive Officer Amin Nasser said the initial public offering of the state-oil producer will “certainly” happen when the conditions are right. Saudi Aramco said it is still in discussions to buy a stake in petrochemicals company Saudi Basic Industries Corp. (Sabic) from the kingdom’s sovereigh wealth fund, …

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