17 Nov 2019
Saudi Aramco has revealed details of its highly-anticipated initial public offering, expected to be the largest in history, in a new prospectus. The offering is set to begin on November 17.
16 Sep 2019
Fires broke out at the kingdom's largest oil-processing plant and another site following drone attacks. Online videos showed plumes of smoke, although the Saudi Interior Ministry said the fires had been "controlled."
13 Apr 2019
Saudi Aramco has received orders worth $75 billion for its debut bond sale. The deal is one of the most anticipated events of the year, showing investor hunger for high-quality credit after major investors briefly shunned the kingdom after the killing of Journalist Jamal Khashoggi.
13 Apr 2019
Saudi Aramco received more than $100 billion in orders for its maiden global fund, with expectations for the bond's yield to be less than Saudi Arabia's sovereign debt.
3 Apr 2019
Saudi Aramco is being classified as A+ at Fitch. It’s the first public assessment of the company’s credit quality as it prepares for its debut into the international bond market.
29 Mar 2019
Saudi Aramco will buy a majority stake in chemical giant Sabic from the kingdom’s sovereign wealth fund for over $69B. This is the Middle East’s biggest ever deal. It will transfer a big slug of cash from one arm of the state to another to finance Crown Prince Mohammed bin Salman’s economic agenda.