Business Standard

Saudi Aramco Ipo

Saudi Arabia raises $12.35 bn from Aramco share sale after increasing offer

Aramco's shares have risen 3.3 percent since the offering last month

Saudi Arabia raises $12.35 bn from Aramco share sale after increasing offer
Updated On : 10 Jul 2024 | 2:27 PM IST

Saudi Arabia set to raise $11.2 bn from secondary offering of Aramco shares

Aramco's book was covered four to five times near the bottom of the price range of 26.7 to 29 riyals

Saudi Arabia set to raise $11.2 bn from secondary offering of Aramco shares
Updated On : 07 Jun 2024 | 10:18 PM IST

Saudi Aramco courts foreign investors with roadshows in US, London

During Aramco's 2019 initial public offering, overseas investors had largely balked at valuation expectations and left the government reliant on local buyers

Saudi Aramco courts foreign investors with roadshows in US, London
Updated On : 03 Jun 2024 | 10:36 PM IST

Saudi Arabia to sell shares worth $12 billion of oil major Aramco

The deal will test global investors' appetite for the world's biggest oil exporter amid questions about climate change and the future of fossil fuels

Saudi Arabia to sell shares worth $12 billion of oil major Aramco
Updated On : 31 May 2024 | 11:05 PM IST

Saudi Aramco maintains $31 bn dividend despite lower net income in Q1

The Saudi government, which directly holds about 82.2 per cent of Aramco, relies heavily on the company's payouts, which also include royalties and taxes

Saudi Aramco maintains $31 bn dividend despite lower net income in Q1
Updated On : 07 May 2024 | 2:25 PM IST

Aramco's $75 billion dividend survives biggest oil, earnings disruptions

The world's biggest oil company has taken on more debt in the past 12 months to keep up the dividend in the face of dwindling cash flow, though its gearing remains below that of firms such as Royal Du

Aramco's $75 billion dividend survives biggest oil, earnings disruptions
Updated On : 22 Mar 2021 | 7:43 AM IST

LIC will be IPO of the decade, akin to Saudi Aramco listing: Experts

Currently, the government owns the entire 100 per cent stake in LIC.

LIC will be IPO of the decade, akin to Saudi Aramco listing: Experts
Updated On : 01 Feb 2020 | 4:53 PM IST

Aramco raises IPO to $29.4 bn via greenshoe option, sells 450 mn shares

Aramco said "no additional shares are being offered into the market today and the stabilising manager will no

Aramco raises IPO to $29.4 bn via greenshoe option, sells 450 mn shares
Updated On : 13 Jan 2020 | 12:46 AM IST

Saudi Aramco stocks give up about half of the gains since trading debut

Saudi Arabia's main index, in which Aramco is the second-biggest member, ended slightly higher

Saudi Aramco stocks give up about half of the gains since trading debut
Updated On : 22 Dec 2019 | 11:59 PM IST

Saudi Aramco closes below $2 trillion as stock declines for second day

Shares ended 2.8 per cent lower at 36.70 riyals in Riyadh, giving the company a total value of $1.96 trillion

Saudi Aramco closes below $2 trillion as stock declines for second day
Updated On : 18 Dec 2019 | 11:05 PM IST

Saudi Aramco soars on debut to hit market value of $1.88 trillion

Aramco raised $25.6 billion in the biggest-ever IPO, selling shares at 32 riyals each and valuing the company at $1.7 trillion.

Saudi Aramco soars on debut to hit market value of $1.88 trillion
Updated On : 12 Dec 2019 | 1:08 AM IST

Saudi Aramco: from 'Prosperity Well' to Saudi Arabia's energy giant

Over the decades, the firm has grown into the world's largest and most profitable energy concern, generating some 10 percent of global crude supplies and trillions of dollars in income

Saudi Aramco: from 'Prosperity Well' to Saudi Arabia's energy giant
Updated On : 11 Dec 2019 | 11:22 PM IST

Aramco's indicative debut price seen at 35.2 riyals, 10% above IPO price

Saudi Arabian Oil Co (Aramco), whose shares make their stock market debut at 0730 GMT, priced its record IPO last week, raising $25.6 billion

Aramco's indicative debut price seen at 35.2 riyals, 10% above IPO price
Updated On : 11 Dec 2019 | 5:26 PM IST

Saudi central bank closely monitoring Aramco IPO, ready for a cash crunch

Saudi banks extended huge loans for clients wanting to maximize their participation in the IPO, with some expanding lending to four times the official limit, sources have previously told Reuters.

Saudi central bank closely monitoring Aramco IPO, ready for a cash crunch
Updated On : 10 Dec 2019 | 11:56 PM IST

Here's why Saudi Aramco's stock is unlikely to plunge on its debut

From bonus shares to a fat dividend, there's a lot to underpin the price, at least initially

Here's why Saudi Aramco's stock is unlikely to plunge on its debut
Updated On : 09 Dec 2019 | 3:56 PM IST

How Aramco's huge IPO fell short of Saudi Arabia crown prince's wish

Aramco's journey from private to public company was an unwieldy and at times fractious deal-making process

How Aramco's huge IPO fell short of Saudi Arabia crown prince's wish
Updated On : 07 Dec 2019 | 11:59 PM IST

Top 10 business headlines: RBI pauses on rate cut, GST slab raise & more

From RBI keeping rate cut unchanged, tough road for Subhash Chandra's Essel to Saudi Aramco raising $25.6 bn in largest-ever IPO, Business Standard brings you the top headlines of the day.

Top 10 business headlines: RBI pauses on rate cut, GST slab raise & more
Updated On : 06 Dec 2019 | 8:28 AM IST

Saudi Aramco raises $25.6 billion in largest-ever IPO; surpasses Alibaba

The sum raised by the oil giant surpasses the $25 billion garnered by the Chinese online trading group Alibaba in 2014 when it entered Wall Street

Saudi Aramco raises $25.6 billion in largest-ever IPO; surpasses Alibaba
Updated On : 06 Dec 2019 | 12:01 AM IST

Saudi Aramco IPO: The biggest in history, but short of the $2-trn target

The listing, expected later this month on the Riyadh stock exchange, is a far cry from the blockbuster debut originally envisaged by the Crown Prince

Saudi Aramco IPO: The biggest in history, but short of the $2-trn target
Updated On : 05 Dec 2019 | 10:30 PM IST

HSBC to leapfrog Barclays as Aramco's debut to reshuffle equity rankings

Aramco alone will be enough to move HSBC up two spots to 10th place on the main league table tracking stock offerings in EMEA

HSBC to leapfrog Barclays as Aramco's debut to reshuffle equity rankings
Updated On : 04 Dec 2019 | 11:57 PM IST