Saudi Aramco Releases Details of November 17th IPO in Prospectus

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Saudi Aramco on Saturday released details of its IPO that will be the first opportunity for investors to own a piece of the world's most profitable company and achieve one of the key goals of the Kingdom's Vision 2030 economic reform plan.

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Aramco IPO

Saudi Aramco unveils IPO prospectus, will sell up to 0.5% of shares to individual investors

In the roughly 650-page prospectus, Aramco said the offering period for investors will begin Nov. 17. It will close for individual investors on Nov. 28...


Aramco IPO

IPO prospectus lays out main risks to Aramco’s operations

Saudi state oil giant Aramco unveiled the prospectus for its initial public offering (IPO) on Saturday, laying out the main material risks that may adversely...


Saudi Aramco

Saudi Aramco to buy $1 billion of IPO shares as incentive to executives and employees

The plan — which was disclosed in the IPO prospectus published late on Saturday night — will involve Aramco buying the shares from the government...


Global Oil Markets

Aramco IPO Prospectus Flags Peak Oil Demand Risk in 20 Years

Rather than providing its own assessment, Aramco used a forecast from industry consultant IHS Markit Ltd. that forecasts oil demand to peak around 2035....


Tourism and Hospitality

Saudi Arabia processes 77,000 tourist e-visas in first month

Saudi Arabian officials say they have processed more than 77,000 tourist e-visas in its first month of operation. The new visa allows travellers from countries like...


Residency Program

Saudi Arabia Gives First Permanent Residencies to Foreigners

The kingdom received thousands of applications after offering permanent residency for 800,000 riyals ($213,000) or a one-year renewable permit for 100,000 riyals. The first batch...


Jadwa Investment

Saudi Jadwa Investment Signs Private Equity Exit Worth $450 Million

The divestment transaction marks Jadwa’s third and largest private equity exit and brings its aggregate private equity distributions to clients to over SAR3.5 billion ($933...


Saudi Oil Policy

Saudi Arabia raises October oil output to replenish inventories

“Saudi Aramco (is) replenishing its inventories, which it earlier drew upon during September 2019, in order to supply the needs of its customers despite being...


Diriyah Gate

Cornerstone to be laid on Saudi Arabia’s Diriyah Gate gigaproject

On 19 November, 2019, the cornerstone will be laid for the restoration of the 18th century city of Diriyah – which was established on the...



Amr Al-Madani, the man in charge of the AlUla project — Saudi Arabia’s ‘Yellow oil’

The site has been inhabited for more than 4,000 years, and reached its apogee as the southern gateway to the Nabatean civilization that also produced...


Misk Global Forum

5,000 youth from nearly 120 countries to join Misk Global forum

The Misk Global Forum is set to hold deliberations in its fourth edition during Nov. 12-14 in Riyadh under the title “Work Reworked”, which is...


Music Education

Social media awash with pictures of music classes six decades ago

Minister of Culture, Prince Badr Bin Abdullah Bin Farhan announced that he had reached an agreement with the Minister of Education Hamad Al-Ashaikh to restore...


Sports and Leisure

Golf Saudi Summit: A major new golfing event

Staged in King Abdullah Economic City, Jeddah, the event will allow guests the opportunity to learn more about golf’s rapid growth within the Kingdom and...


Shipping Fleet

Saudi Arabia set to add 55 new ships to maritime transport fleet

“The Kingdom has made qualitative leaps in maritime transport in terms of ship registration and cargo tonnage. Tonnage doubled between 2017 and 2018 to reach...


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Alnaqbi said the Iraqi bizav market is struggling. “There used to be a lot of activity moving into northern Iraq. Now it's...


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