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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.
Saudi Aramco, a world leader in integrated energy and chemicals, said one of its units, Saudi Arabian Drilling Academy (Sada) held its first graduation for a cohort of 132 students representing 34 dr
Saudi Aramco and Schneider Electric Saudi Arabia have signed an agreement to pursue a variety of Fourth Industrial Revolution (4IR) solutions under the Digital Transformation Program led by Saudi Ara
Saudi Arabian Oil Company (Saudi Aramco), in its bid to produce an additional 250,000 barrels per day of Arabian Light crude oil from the Berri Oil Field to reach 500,000 barrels per day to maintain
QNB has revised up its forecasts for average annual oil prices to $72/b for 2018 from $69/b and to $69/b in 2019 from $66/b. Both demand and supply factors, however, suggest a tilt towards lower pric
Qatar Islamic Bank (QIB), country’s leading Islamic bank, received two awards from New Age Banking & Finance Awards 2018, as part of the seventh edition of New Age Banking Summit Qatar which was supp
Nakilat is participating in the Gastech 2018 Exhibition and Conference currently taking place in Barcelona, Spain from 17 to 20 September 2018. One of the largest LNG-centric events globally, Gastech
Al Hilal Bank, rated A2 by Moody’s and A+ by Fitch has successfully closed a $500 million 5-year Senior Sukuk. The transaction, under Al Hilal Bank’s new management team, marks the first Senior Publ
The Gulf Today
Sabic, the world’s third largest diversified petrochemicals company, has signed an agreement with Clariant towards taking steps to establish certain elements of its Specialties business as a stand-al