Saudi Arabia's state oil company kicked off its initial public offering (IP...
- Saudi Arabia’s state oil company kicked off its initial public offering on Sunday by announcing its intention to float on the Riyadh bourse.
— Saudi Arabia’s CMA market authority has agreed to exempt non-resident institutional foreign investors that intend to subscribe from certain formalities to achieve qualified foreign investor status.— The board intends to declare aggregate ordinary cash dividends of at least $75 billion in 2020. — Saudi Aramco will pay a $500 million loan charge to the PIF on the closing date and five additional promissory notes in an aggregate principal amount of $2.5 billion will be issued.— The document mentioned a May 2019 armed drone attack on Aramco’s East-West pipeline, which briefly shut it down.
— The attack on Aramco’s Abqaiq facility and Khurais processing facility on Sept. 14 caused explosions, fires and significant damage to equipment at each facility. Aramco is working towards fully restoring full plant operations there and does not expect the attack to have a material impact on its business, financial condition or results of operations.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Saudi Arabia formally announces Aramco IPO with a domestic listing set for DecemberSaudi Arabia has officially launched its initial public offering (IPO) for its state-owned oil company Saudi Aramco.
Read more »
Saudi Crown Prince approves announcement of Aramco IPO on Sunday - sourcesSaudi Arabia's Crown Prince Mohammed bin Salman on Friday agreed that the i...
Read more »
Saudi Aramco Launches Long-Awaited IPOSaudi Aramco’s shares are set to begin trading on the Saudi stock market in early December, the company said, as it officially unveiled the world’s largest, and much delayed, initial public offering.
Read more »
Saudi Aramco kick-starts what could be world's biggest IPOSaudi Arabia began Aramco’s IPO, announcing its intention to list on the domestic bourse as the kingdom seeks to diversify and create the world’s most valuable listed company
Read more »
Saudi Crown Prince approves kick-off of Aramco IPO on Sunday: sourcesSaudi Arabia's Crown Prince Mohammed bin Salman on Friday agreed that the i...
Read more »