Home / Business / Saudi Aramco has not sold shares to Alwaleed bin Talal

Saudi Aramco has not sold shares to Alwaleed bin Talal

Prince Alwaleed bin Talal’s firm Kingdom Holding Co did not buy bonds of Saudi Aramco, its chief executive Talal Ibrahim al-Maiman said on Wednesday.

He added that the yield on the bonds was “a bit lower” than what Kingdom would expect.

Saudi Aramco raised $12 billion with its first international bond issue after receiving more than $100 billion in orders, a record breaking vote of market confidence for the oil giant.

Maiman, who was speaking at a conference in Abu Dhabi, said Kingdom has signed term sheets for a $1 billion loan with three international and two local banks.

He also said the company is exiting some mature assets, while also wants to monetize its real estate portfolio.

Source: Reuters

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