Tag Archives: Saudi Arabia

Aramco is worth more than the top five oil companies – Exxon Mobil. Total. Royal Dutch Shell. Chevron. and BP – combined.

The budget deficit will widen to 6.4% in 2020 from 4.7% in 2019 as the government earns less from oil.

Aramco shares will begin to be trade publicly on Saudi stock exchange Tadawul next week.

The IPO will be priced on Dec. 5. the same day OPEC meets in Vienna. The OPEC+ grouping holds talks on Dec. 6.

The offering to institutional investors. expected to raise about two thirds of the offering. closes on Dec 4.

The 177th Meeting of the OPEC Conference is expected to be held December 5. 2019.

Most analysts have pointed out that there are some major issues with the company’s financials. its valuation and possible returns for the Kingdom.

Some traders expect the agreed cuts of 1.2 million barrels a day to be increased.

The Commission said it would not raise any competition concerns because the joint venture will not be active in the European Economic Area.

Saudi Aramco will allow investors to start bidding for shares in the world’s most-profitable company from November 17.