Saudi Aramco to Seek $1.7 billion valuation with 1.5% Share Float; Cancels International Roadshow

Crown Prince Mohammed bin Salman's Vision 2030 emphasizes that Saudi Arabia will be a "tolerant country with Islam as its constitution and moderation as its method."
Saudi Aramco is seeking a valuation of up to $1.7 trillion, which would become the world's biggest IPO and confirm the company as the world's most valuable.

Saudi Arabia

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Saudi Aramco IPO

Saudi Aramco valued at up to $1.7 trillion as share sale gets underway

Saudi Arabia believes its giant state oil monopoly is worth as much as $1.7 trillion. In a statement Sunday, Saudi Aramco said it was aiming to...


Aramco IPO

Historical moment for Saudis

“The bulk of the funds raised will go to the government or the Public Investment Fund (PIF), potentially adding to the sovereign’s already strong fiscal...


Aramco IPO

Saudi Aramco IPO: Central Bank Doubles Lending

Saudi Arabia’s central bank doubled leverage limits for retail investors looking to buy shares in oil giant Saudi Aramco, according to people familiar with the...


Oil SupplyK. Sathya Narayanan

Saudi crude oil exports fall to 6.67 mln bpd in September

Saudi Arabia’s crude oil exports in September fell to 6.67 million barrels per day (bpd) from 6.88 million bpd in August, official data showed on...



Saudi banking sector to contain risks in 2020 despite higher credit growth, report says

"We do not envisage these scenarios in our base case, however, we cannot exclude event risk--as demonstrated by the recent attack on Saudi oil infrastructure,"...


Labor and Immigration

4.17m illegal aliens arrested; more than a million deported

Nearly 4.17 million violators of residency, work and border security systems have been arrested in Saudi Arabia, according to an official report. During the crackdown under...



Saudi Arabia, China Kick off Naval Drill

Saudi Arabia and China kicked off on Sunday mixed naval drill Blue Sword 2019. The three-week exercise aims to boost cooperation between the Saudi Royal Navy...



Saudi Arabia should be vigilant against lone wolf attacks

Sometime back, in a discussion with my brother, I remarked at how efficient Saudi Arabia’s security authorities have been in curbing domestic terrorism. In fact,...



Carshare operator Ekar drives expansion into Saudi Arabia

Ekar, the Middle East’s first and largest carshare operator, is to expand into Saudi Arabia after the company’s successful Series B totaling $17.5 million in...


Dubai Air Show

Saudi Air Force Commander Holds Talks with UAE, US, French Counterparts

Held on the sidelines of the 2019 Dubai Airshow, the officials discussed the latest developments in the region and military cooperation....



Saudi airline flynas in talks to firm up some Airbus A320neo options

Flynas ordered 80 A320 aircraft in 2017, with options for an additional 40....



Saudi Arabia bans public bonfires, levies fine

Saudi Arabia has banished bonfires in gardens and other public places due to safety concerns, local newspaper Sabq reported. First-time offenders will be fined SAR100, while...



Everything you need to know about Diriyah Music Festival in Saudi Arabia

The incredible lineup of global superstars is heading to Saudi Arabia for the Diriyah Season later this month. Saudi Arabia's highly anticipated Diriyah Season, celebrating an...


Saudi +

Regional and related topics


Iran’s Guards warn of ‘decisive’ action if unrest continues

The protests have spread across the Islamic Republic since Friday, turning political with demonstrators demanding that top clerical leaders step down. At least 100 banks...



Lebanon slips deeper into crisis after Safadi withdrawal

The unrest has kept banks shut for most of the last month. They have imposed controls on transfers abroad and U.S. dollar withdrawals, and the...



With three days left to deadline, Netanyahu rival Gantz scrambles to form gov’t

With three days left until his mandate to form a government expires, Kahol Lavan leader Benny Gantz scrambles between meetings with party heads on Sunday...


Yemen Civil War

Yemeni government back in Aden under deal with separatists

Yemen’s internationally recognized government returned to the war-torn country on Monday for the first time since it was forced out by southern separatists during clashes...


Iran in the Region

Leaked Iran Cables Show How Tehran Turned CIA’s Iraqi Agent ‘Donnie Brasco’ and Undermined Iraq

A 700-page cache of secret documents leaked to The Intercept, which shared them with The New York Times, has exposed Iran’s vast influence in Iraq,...


Dubai Air Show

Emirates announces order for 50 Airbus A350 jets

The order’s list price sits at $16 billion, but a steep discount is typically negotiated by airlines. The deal was originally slated to see Emirates...


U.S. Military

Trump’s Pardons for Servicemen Raise Fears That Laws of War Are History

Army First Lt. Clint Lorance on Friday changed out of the drab inmate’s uniform he had worn for six years, and left the military prison...


Aramco IPO

Saudi Aramco will not market IPO in the United States: sources

Saudi Aramco does not plan to market its domestic initial public offering (IPO) in the United States, two sources familiar with the matter said....



US draws fewer new foreign students for 3rd straight year

The number of foreign students coming to U.S. colleges and universities continued to fall last year, according to a new report, but the Trump administration...



Two of America’s biggest coal plants closed this month

Together, the two retirements equal all the emission reductions from coal plant shut-downs in 2015, a record year when 15 GW of mostly smaller and...


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