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Tag Archives: IPO

Saudi Aramco listing surpassed by Apple

Apple Inc’s (AAPL.O) surged over 10% to a record high on Friday after reporting blockbuster quarterly results, helping the iPhone maker eclipse Saudi Aramco to become the world’s most valuable publicly listed company. Apple’s stock ended the session at $425.04, putting its market capitalization at $1.82 trillion, according to the …

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Saudi Aramco shares nosedive

Shares of Saudi Aramco 2222.SE hit 32.50 riyals ($8.66) in intraday trade on Sunday, the lowest since it began trading in December following a record initial public offering, as oil prices plunged amid worries about the global spread of the coronavirus. Aramco shares broke past their previous low of 32.60 …

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Slight improvement in Saudi Aramco shares

Saudi Aramco’s 2222.SE shares went up slightly to 37 Saudi riyals ($9.87) in a pre-market auction on Sunday, Refinitiv data showed, putting the company’s market value slightly below $2 trillion. Aramco’s shares closed at 36.8 riyals on Thursday after hitting earlier in the day the $2 trillion price tag long …

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Aramco reaches $2 trillion mark

Saudi Aramco’s (2222.SE) share price jumped 10% for the second consecutive day, hitting 38.7 riyals ($10.32) in a pre-market auction, Refinitiv data showed, suggesting the company will hit a $2 trillion market value when it starts trading on Thursday. The state-owned oil giant’s shares surged the maximum permitted 10% above …

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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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Abu Dhabi scraps oil refiner Cepsa’s IPO

Abu Dhabi shelved plans for an initial public offering of a 25 per cent stake in Spanish oil refiner Cepsa as investors balked at the valuation amid a stock market rout. “Recent international economic developments have created uncertainty in international capital markets,” said Cepsa, which is controlled by Abu Dhabi’s …

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Saudi Arabia denies cancelling Aramco IPO

audi Arabia on Thursday rejected reports that Aramco’s planned initial public offering had been scrapped. “The government remains committed to the IPO of Saudi Aramco at a time of its own choosing when conditions are optimum,” Energy Minister Khalid Al Falih said in a statement. The plan to float around …

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Saudi Aramco, Petronas said to near $8b loan deal

Saudi Arabian Oil Co. and Malaysia’s state-owned oil firm are close to raising an $8 billion loan to partly finance the construction of a planned refinery and a petrochemical complex in the Southeast Asian nation, people familiar with the matter said. Aramco and Petroliam Nasional Bhd could sign the loan …

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