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Tag Archives: privatisation

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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Non-Saudis to get 23% of Aramco IPO

Non-Saudi investors were allocated 23% of the institutional tranche of Saudi Aramco’s initial public offering (IPO), an executive at one of the lead banks on the deal told the Al Arabiya news channel on Monday. Wassim Al Khatib, head of investment banking at National Commercial Bank (1180.SE) also said the …

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Israel privatising, consolidating defence sector

Israeli defense contractor Elbit Systems (ESLT.TA) said on Sunday it completed a $500 million deal to buy state-owned rival IMI Systems after receiving government approval for the privatization of IMI last week. Elbit (ESLT.O) paid $495 million for IMI, with an additional payment of $27 million contingent on IMI meeting …

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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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