JPMorgan Chase & Company, HSBC Holdings and Riyad Bank are advising Saudi Aramco about setting up a riyal-denominated sukuk programme that could be launched later this, Bloomberg reported this morning. The world’s largest oil producing corporation, which is due to…
Tag: Saudi Aramco
Saudi Aramco IPO to signal Saudi openness
Saudi Aramco Chairman Khalid al-Falih at the Global Competitiveness Forum in Riyadh on 25 January. For full coverage of Saudi Arabian business events, see MEED Chairman of Saudi Aramco Khalid al-Falih said today that plans for a possible initial public…
Saudi Aramco confirms share sale being considered
For full coverage of business developments in Saudi Arabia, see MEED Saudi Aramco, the government-owned oil company, said in a statement today that it is considering a public share offer.This follows the publication of an interview with deputy crown prince Mohammed…
Selling Aramco shares is a smart move
For full coverage of business developments in Saudi Arabia, see MEED Saudi Arabia’s deputy crown prince Prince Mohammed Bin Salman told The Economist in an interview published on 4 January that he favoured selling shares in Saudi Aramco, the world’s largest oil…
Supreme Council of Saudi Aramco formed
A Supreme Council of the Saudi Arabian Oil Company (Saudi Aramco) chaired by Deputy Crown Prince and Defence Minister Prince Mohammed Bin Salman has been formed, Saudi Aramco has announced in a statement. It said that a meeting of the…
Saudi Aramco move curbs power of the kingdom’s Oil Ministry
The decision to split Saudi Aramco, the world’s largest oil and gas producer, from the Ministry of Petroleum & Minerals is a logical extension of the decision earlier in the week to appoint its president and chief executive officer Khalid…