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.


Banks expected to share tiny proportion of Aramco IPO


The banks that will advise and execute Saudi Aramco’s stock market listing are expected to share a tiny proportion of the $100bn Riyadh hopes to raise in its initial public offering, according to ban

Gulf Times

CB&I announces Joint Development Agreement with Saudi Aramco


CB&I has announced it has entered into a Joint Development Agreement with Saudi Aramco that includes Chevron Lummus Global (CLG), CB&I's joint venture with Chevron U.S.A. Inc., for the development, c

Press Release

Saudi Aramco, CB&I and Chevron Lummus Global sign JDA


Saudi Aramco, through its wholly-owned subsidiary Saudi Aramco Technologies, has today signed a three-party Joint Development Agreement (JDA) with CB&I, a U.S.-based leading provider of technology an

Press Release

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DSI steams ahead with operational improvements in the UAE


Drake & Scull International PJSC (“DSI” or the “Company”), a regional leader in engineering and construction services, continues its strong start in 2018 with its latest announcement of a new labour

Press Release

Emaar announces Dh1bn of sales at new Dubai beach scheme


Emaar Development, the publicly listed real estate development subsidiary of Dubai-based Emaar Properties, said it recorded Dh1 billion of sales from the launch of the first residences at its new bea

The National

Al Madina Takaful names new CEO


Al Madina Takaful, Oman’s first Takaful insurance provider, announced the appointment of Usama Al Barwani as chief executive officer (CEO) of Al Madina Takaful at the board meeting.

Al Bar

Times of Oman

Aamal announces sale of shares in Gulf Rocks


Aamal Company yesterday announced that the remaining balance of 85,936 treasury shares of Aamal Q.P.S.C, owned by Gulf Rocks Company, were fully sold. The shares were sold during the trading sessions

The Peninsula

Doha Bank’s ‘Al Jana 7’ offers attractive returns to customers


Doha Bank continues to build on its reputation for offering the highest rates of return with the launch of a new premium fixed deposit scheme. The new scheme offers attractive returns for long-term d

The Peninsula