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

Saudi Aramco completes $69 billion SABIC stake deal

17/06/2020

Saudi Aramco has completed its purchase of a 70 percent stake in petrochemicals company Saudi Basic Industries for $69.1 billion and extended the payment period by three years to 2028, providing a cu

Arab News

Aramco set to become full owner of Arlanxeo

13/08/2018

Saudi Aramco, a world leading integrated energy and chemicals company, and leading specialty chemicals company, Lanxess, announced in a press release issued last Aug. 8 that Saudi Aramco proposed acq

Saudi Gazette

Aramco, Air Products, Acwa to form $8bn JV

13/08/2018

Saudi Aramco, Air Products, and Acwa Power today announced the signing of a term sheet to form a gasification/power joint venture (JV) located at Jazan Economic City (JEC) in Saudi Arabia.

Trade Arabia

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FOOD 0.00 0.00 (0.00%)
Bahrain's Investcorp records $165m loss for 2019-20 financial year

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Bahrain’s Investcorp slipped into a $165 million loss for the 12 months ended June 30, against profits of $131 million a year ago.

The COVID-19 played its part in the loss, as fee income c

Gulf News

Aramex's revenue surges 4pc to $359m in Q2

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Aramex, a leading provider of logistics and transportation solutions, has registered a 4 per cent growth in its revenues for the second quarter which surged to hit AED1.32 billion ($359 million), com

Trade Arabia

Abu Dhabi's Waha Capital trims first-half 2020 attributable losses to Dh27.2m

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Abu Dhabi based investment company Waha Capital recorded a net loss of Dh27.2 million - attributable to shareholders - for the first six months of 2020, an improvement on the Dh124.38 million it rec

Gulf News

FAB issues Formosa bond globally

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First Abu Dhabi Bank (FAB), recently announced the issuance of the largest-ever Chinese Yuan (CNH) denominated dual-listed Formosa bond globally, with a CNH 3.25 billion five-year issuance.

The Gulf Today

Etisalat to pay out Q2 interim dividends from August 11

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UAE's leading telecom services operator Etisalat Group has announced that the interim dividend of 15 fils per share for the second quarter will be paid out starting from August 11 through the First A

Trade Arabia