Saudi Aramco boosts dividend payout to $31 billion despite 25% fall in full-year profitSaudi Arabia's oil giant Aramco on Sunday reported 454.76 billion riyals ($121.25 billion) in net profit for 2023, down from a record $161....
10 Mar, 2024, 12.58 PM IST
Saudi Aramco considers selling $50 billion in shares - WSJThe Public Investment Fund, which sometimes receives government injections of cash, spent 120 billion riyals ($32.00 billion) domestically ...
01 Sep, 2023, 09.20 PM IST
Saudi Arabia transfers 4% of Aramco shares to sovereign wealth fundThe crown prince said the state remains the largest shareholder in Saudi Aramco after the transfer process, as it owns more than 94% of the...
13 Feb, 2022, 12.11 PM IST
Saudi Aramco raises $6 billion with debut sukukThe debt issuance, which will help fund a $75 billion dividend commitment that will mostly go to the government, comprises tranches of thre...
10 Jun, 2021, 11.13 AM IST
Saudi Aramco begins its first dollar-denominated Islamic bond saleAramco is pushing to raise cash as Riyadh faces a ballooning budget deficit and pursues multi-billion dollar projects to diversify its oil-...
07 Jun, 2021, 08.50 PM IST
Saudi Aramco mandates banks for inaugural dollar sukukThe banks will arrange fixed income investor calls starting on Monday, the document from one of the banks showed. An issuance of sukuk in t...
07 Jun, 2021, 02.24 PM IST
Saudi Aramco beats quarterly profit forecast, maintains dividendEarnings by global energy companies such as Exxon Mobil have climbed on the back of rising crude prices, which are up by about a third this...
04 May, 2021, 04.33 PM IST
Saudi Aramco says $12.4 billion raised from oil pipeline stake sale"Upon closing, Aramco will receive upfront proceeds of around $12.4 billion, further strengthening its balance sheet through one of the lar...
10 Apr, 2021, 10.51 AM IST
Aramco to do 'heavy lifting' in Saudi fiscal adjustment: BofAAramco - which listed in 2019 in a record $29.4 billion share sale - is likely to "do the heavy lifting" to boost state coffers and support...
19 Jan, 2021, 06.40 PM IST
Oil giant Aramco may have to sell assets, borrow more to maintain Saudi dividendWhile Saudi Arabia has increased non-oil revenues this year, Aramco still accounted for more than half its total income, and will be key to...
16 Dec, 2020, 08.43 PM IST
Saudi Aramco suspends $10 billion China oil refinery ventureSaudi Arabian Oil Co., or Aramco, decided to stop investing in the facility in China’s Northeastern province of Liaoning after negotiations...
21 Aug, 2020, 08.48 PM IST
Saudi Aramco completes $69 billion SABIC stake deal, extends scheduleSABIC is the world's fourth-biggest petrochemicals company.
17 Jun, 2020, 04.32 PM IST
Aramco’s stock will have plenty of support when trading beginsHere’s a look at some of the other reasons why the stock is unlikely to plunge on its debut.
09 Dec, 2019, 12.02 PM IST
View: Even with a price cut, Aramco IPO isn't cheapIn avoiding a global IPO, Saudi Arabia obtained the dubious benefit of a higher headline price.
19 Nov, 2019, 02.15 PM IST
How Saudi Aramco’s mammoth share sale stacks up in five chartsThe kingdom will list only 1.5 per cent of the company on the Tadawul.
18 Nov, 2019, 04.26 PM IST
Saudi Aramco seeks $1.71 trillion valuation in world’s biggest IPOAramco will sell just 1.5% of its shares on the the local stock exchange, the Tadawul.
18 Nov, 2019, 10.06 AM IST
Saudi Arabia will compromise on valuation to make Aramco IPO a successAramco is considering boosting next year’s dividend by $5b to $80b to win over investors.
03 Nov, 2019, 10.50 AM IST