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Saudi Arabian Oil Co. is targeting a valuation between $1.6 trillion and $1.7 trillion for its initial public offering and a price of 30-32 Saudi riyals ($8-8.50) per share, the company announced Nov. 17, Bloomberg reported.
Join us for an engaging conversation with Artyom Lukin, an associate professor at Russia's Far Eastern Federal University, as he explains how Russia and China's escalating rivalry with the United States is bringing the two Asian juggernauts closer together.
The shadow of Jamal Khashoggi isn't hanging over the desert kingdom's investors like last year. Even so, the Iranian threat, muddled policies and more are scaring away many investors from Riyadh's Vision 2030 economic plan.
Saudi Arabian Oil Co. (Saudi Aramco) officially announced its intention to launch an initial public offering (IPO) on Nov. 3, adding that it plans to sell an unspecified amount of stock on the Tadawul, the Saudi stock exchange, next month.
The Saudi Arabian Oil Co. (Saudi Aramco) will formally announce its initial public offering (IPO) on Nov. 3, while public trading of the company's shares will begin on the Saudi Tadawul stock exchange on Dec. 11, according to an Oct. 29 report by Al Arabiya.
Mounting evidence of foul play in the country's Oct. 15 election could be the straw that finally breaks Maputo's back by stoking security threats and alienating the country's fastest-growing electorate.
Saudi Arabia is continuing to prepare its formal initial public offering announcement, which could happen as early as the Future Investment Initiative conference later in October, The Financial Times reported Sept. 30.
Cleaner and less expensive than oil, natural gas could be a godsend for Pakistan's economy. But between the country's energy bottlenecks and corruption probes, finding enough of the resource will be a problem.