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Dec 5, 2019 · Saudi Aramco sold 3 billion shares at 32 riyals ($8.53) each in its IPO, the company said Thursday. That means the deal raised more than China’s Alibaba (BABA) in its 2014 public debut.
The Government of the Kingdom of Saudi Arabia and Saudi Aramco announced the launch of a secondary public offering of ordinary shares of Saudi Aramco. Please scroll down for the Offer documentation and subscription information.
Saudi Aramco has raised a record $25.6bn in its initial public offering, capping a fraught journey to the public markets for the world’s largest oil company.
- Who Owns Saudi Aramco?
- Saudi Aramco’s Investment in The U.S.
- Can and Should Americans Invest?
- How The IPO Plays Into Climate Change
In the midst of the country’s growing budget deficit, the Saudi government is selling off 1.5 percent of its stake in the state-owned Saudi Aramco to raise $25.6 billion during the IPO. The petroleum sector accounts for about 87 percent of Saudi Arabia’s budget revenues, according to the CIA World Factbook.Saudi Aramco has a monopoly on the nation’...
Saudi Aramco’s numerous business ventures, as well as its IPO, demonstrate it “is a national oil company that wants to become a global energy company,” said Karen Young, a resident scholar at the American Enterprise Institute who focuses on Middle East economies. Much of Saudi Aramco’s expansion focuses on developing countries in Asia, where demand...
Saudi Aramco ultimately decided not to list on the New York Stock Exchange, reportedly because doing so could avail the company — and by extension the Saudi government — to lawsuits in the United States’ jurisdiction. One of the most prominent lawsuits against the country is being brought by the families of 9/11 victims who claim the Saudi governme...
Saudi Arabia said Monday the kingdom is reinvesting the moneyit makes from the IPO into other forms of revenue. At the moment, iIt’s unclear what those other revenue channels would be, but by diversifying its assets, the Saudi government hopes to shield itself from any anticipated downturns in the oil industry. “The U.S. should want financial stabi...
- Gretchen Frazee
Jun 2, 2024 · Saudi state oil giant Aramco commenced its secondary public offering on Sunday as the company looks to raise in the region of $12 billion. Books opened early Sunday morning offering a price...
Jun 9, 2024 · International and domestic institutional investors consist of institutions that have purchased shares in the Company through its initial public offering (the “IPO”), the Offering and/or through open market purchases since the IPO.
Dec 6, 2019 · Saudi Aramco Raises $25.6 Billion in World’s Biggest IPO. Oil giant to overtake Microsoft, Apple as biggest listed firm; Aramco share offering was more than 4.6 times oversubscribed
