26/09/2017 12:03 AST

Saudi Finance Minister Mohammed al-Jadaan told bond investors during a presentation on Monday that the initial public offering of Saudi state oil giant Aramco will proceed as planned in 2018, sources familiar with the matter told Reuters.

Aramco has previously said the listing remained "on track" after a report that the oil company was preparing contingency plans for a possible delay into 2019.

Saudi Arabia held the global investor call in preparation for a potential third international bond issuance, after issuing a $17.5 billion international bond last year and a $9 billion sukuk in April.


Reuters

Aramco Converts Jeddah Refinery into Distribution Hub after 50 Years

20/11/2017

Saudi Aramco has shut down its crude oil refinery in Jeddah, which is considered one of the Kingdom’s oldest as it was established 50 years ago, converting the complex into a hub for oil products dis

Asharq Al-Awsat

Saudi Aramco shuts Jeddah refinery indefinitely, sources say

20/11/2017

Saudi Arabia: State oil giant Saudi Aramco has shut down its 90,000 barrel per day crude oil refinery in Jeddah indefinitely, industry sources familiar with the matter said on Sunday. Aramco had fo

Gulfnews

Saudi Aramco signs contracts worth $4.5bn for mega projects

14/11/2017

Saudi Aramco has signed agreements worth around $4.5bn with several contractors for oil and gas mega projects.

The objective of the projects is to enhance the company’s energy sustainabili

Hydrocarbons Technology

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Saudi Electricity ranks among top global power companies

21/11/2017

The Saudi Electricity Company has ranked 14th among the electricity companies in the world after it topped the list of electric power companies in the Arab countries by market value which reached at

Utilities-me.com

CI affirms Bank ABC’s ratings with a negative outlook

21/11/2017

Capital Intelligence Ratings (CI) has affirmed the Long- and Short-Term Foreign Currency Ratings (FCRs) of Bank ABC (Arab Banking Corporation, Jordan) at ‘BB-’ and ‘B’, respectively on a negative out

CPI Financial

Al Rajhi Bank Malaysia announces new chairman and board member

21/11/2017

Al Rajhi Bank Malaysia (ARBM), a unit of the world’s largest Islamic bank, Al Rajhi Bank of Saudi Arabia, yesterday announced the appointment of Muhammad Afaq Khan as its new chairman and Johari Abdu

Bernama

Qatar's Ooredoo Is Said to Plan Bid for Turk Telekom Owner

21/11/2017

Qatari phone carrier Ooredoo QSC decided to bid for the insolvent owner of Turkey’s biggest telecommunications company to rival an offer from Saudi Telecom Co., three people with knowledge of the mat

Bloomberg

Alba announces new manager for Power Expansion Project

21/11/2017

Aluminium Bahrain B.S.C. (Alba), home-base of Line 6 Expansion Project, announced the promotion of Khaled Mersal to Manager Power Expansion Project on Thursday November 16, 2017.

Khaled join

Press Release