Saudi Aramco oil giant details projected record IPO
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.
Drone attacks set Saudi Aramco oil facilities ablaze
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."
Saudi Aramco debt orders grow to $75B
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.
Saudi Aramco attracts $100 Billion demand for bond deal
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.
Saudi Aramco gets 5th-highest investment rating
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.
Aramco to acquire Sabic stake for $69B
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.