Tag Archives: Saudi Aramco

Saudi Arabia on Sunday finally kicked off Aramco’s long-delayed IPO.

IPO is a key cornerstone in Saudi Arabia’s strategic plans to transform and modernise its national economy.

The oil giant will issue the IPO prospectus on November 9.

Bin Salman plans to use the revenues from the sale to finance his Vision 2030.

The initial public offering for state-owned oil company Saudi Aramco will come soon.

The kingdom reportedly plans to list 1% of Aramco on its local stock exchange before the end of this year.

One rough and ready way to value Aramco is to look at dividend yield.

Investment bankers from around the world have been pitching for years to win a coveted role on Aramco’s IPO.

The prospect of falling short of the $2 trillion valuation desired by Saudi rulers is widely considered the reason the IPO has been delayed.

Overall. 20 agreements were signed between the two nations across a variety of industry sectors.