SAUDI ARAMCO IPO

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.

Saudi Arabia

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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...

 

Al-Ula

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...

 

Saudi +

Regional and related topics

Afghanistan

Afghanistan is America’s longest war — 18 years and counting

The millennium had just begun when the Afghanistan War — code named Operation Enduring Freedom — began on Oct. 7, 2001. Last month marked the war's 18th anniversary....

 

Bashar Al-Assad

Syria’s Assad Dismisses War Crimes Allegations in Rare Interview, Claims He Is ‘Capturing the Hearts of the People’

Speaking with the Russian government-owned RT.com news website, Assad claimed that he and his Iranian and Russian allies were fighting against terrorist groups, with which...

 

Yemen Civil War

Yemeni president says Riyadh deal paves way for peace in Yemen

Yemen's President Abdu-Rabbu Mansour Hadi said on Sunday that the Saudi-brokered deal signed between his government and the Southern Transitional Council (STC) was a great...

 

Global Oil Markets

Analysis: China to remain a battle ground for Saudi Aramco, Russian crude suppliers in 2020

The battle for next year's Chinese demand pie between two major crude oil producers Saudi Arabia and Russia will likely heat up over the coming...

 

Libya

Drones add new scale to Libya’s battle for Tripoli

Despite a UN arms embargo on Libya, a FRANCE 24 team in Tripoli found fighters on edge, listening for the hum of unmanned drones amid...

 

U.S.-Turkey

Turkey should scrap Russian missile system or face U.S. sanctions: White House official

His comments came ahead of a visit by Turkish President Tayyip Erdogan to Washington on Nov. 13 to meet U.S. President Donald Trump for likely...

 

Turkey in the Region

Turkey will begin sending ISIS fighters back to Europe ‘from Monday’, says minister

The issue of foreign jihadists will be on the agenda of a meeting of the international coalition against ISIS on November 14, in Washington D.C,...

 

Iran in the Region

Iran’s network of influence in Mid-East ‘growing’

Since the US-led overthrow of Saddam Hussein's regime in Iraq in 2003, the Quds Force has intensified its operations across the Middle East, providing training,...

 

Iran

Iran begins pouring concrete for 2nd nuclear power reactor

Iran began pouring concrete Sunday for a second nuclear reactor at its Bushehr power plant, a facility Tehran points to as its reason to break...

 

Iran in the Region

Gargash: Escalation with Iran ‘serves no one, collective diplomacy needed’

Dr Gargash said talks with Iran must not only deal with the nuclear issue but also its ballistic missile programme and regional interference through proxy...

 

Dating App

The dating app built for young Egyptians

Since its launch in 2017, during the founders’ stint at the Cairo start-up incubator Flat6Labs, it has become one of Egypt’s most popular dating apps,...

 

Business Aviation

Hub Dubai Holds Its Own as Saudis Sit Back

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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