Saudi Aramco
| Use attributes for filter ! | |
| Ceo | Amin H. Nasser |
|---|---|
| Revenue | 355. 9 billion USD (2018) |
| Headquarters | Dhahran |
| Saudi Arabia | |
| Net income | 111. 1 billion USD (2018) |
| Subsidiaries | Saudi Electricity Company |
| Did you know | Saudi Aramco is the world's largest oil and gas company by revenue ($465. 49 B). |
| Date of Reg. | |
| Date of Upd. | |
| ID | 950783 |
About Saudi Aramco
Saudi Aramco, officially the Saudi Arabian Oil Company, is a Saudi Arabian national petroleum and natural gas company based in Dhahran, Saudi Arabia. It is one of the largest companies in the world by revenue, and according to accounts seen by Bloomberg News, the most profitable company in the world.
Maharashtra: The Indians taking on giant Saudi-backed refinery
... In late April, angry protests erupted in Ratnagiri district of the western Indian state of Maharashtra when authorities began testing the soil for the mega project to be built by a consortium of Indian state-run oil majors and global giants Saudi Aramco and Abu Dhabi National Oil Company (ADNOC)...
BP profit jump sparks calls for bigger windfall tax
... Overnight, oil giant Saudi Aramco said it had made a profit of $42...
Saudi Aramco: Oil giant sees profits jump as prices surge
...Saudi Aramco has posted its highest profits since its 2019 listing as oil and gas prices surge around the world...
Big banks fund new oil and gas despite net zero pledges
... The fossil fuel giants receiving the funding included Exxon Mobil, Shell, BP, and Saudi Aramco...
Climate change: Five dealmakers who will influence the outcome at COP26
... Formerly an employee of state oil company Saudi Aramco, Mr Shasly now wears many hats...
Saudi Aramco raises $25. 6bn in world's biggest share sale
...State-owned oil giant Saudi Aramco has raised a record $25...
Saudi Aramco unveils next stage of blockbuster flotation
... Oil giant Saudi Aramco s long-awaited prospectus said individual retail investors will have a chance to buy shares as well as big institutions...
Saudi Aramco IPO: World's most profitable company to go public
...Saudi Aramco has confirmed that it plans to list on the Riyadh stock exchange, in what could be the world s largest initial public offering (IPO)...
Saudi Aramco unveils next stage of blockbuster flotation
The World 's most profitable company has published more details about its planned stock market flotation.
Oil giant Saudi Aramco 's long-awaited prospectus said individual retail investors will have a chance to buy shares as well as big institutions.
But the 600-page prospectus did not say how much of the Saudi firm would be sold, nor the date of the listing.
It did, though, mention possible risks, including the government's control over oil output and terrorist attack.
Crown Prince Mohammed bin Salman is seeking to sell the shares to raise billions of dollars to diversify the Saudi economy away from oil by investing in non-energy industries.
Bankers think the long-awaited flotation will value Aramco at $1. 5-2 trillion, making the stock market listing the biggest ever.
The prospectus said up to 0. 5% of The Company would be set aside for retail savers, but Aramco had not yet decided on the percentage for larger institutional buyers.
After the flotation, Aramco will not list any more shares for six months, the prospectus says. Although one of The Attractions for investors is the potential of high dividends, the document said Aramco has The Right to change dividend policy without prior notice.
Aramco has hired a host of international banking giants including Citibank, Credit Suisse and HSBC as financial advisers to assess Interest in the share sale and set a price. Based on The Level of Interest - a final value will be put on the shares on 5 December.
The sale of The Company , first mooted four years ago, has been overshadowed by delays and criticism of corporate transparency at Saudi Arabia 's crown jewel.
It was initially thought about 5% of Aramco would be sold, but The Final figure is now expected to be half that.
Amid speculation that some foreign institutional investors are cool on the flotation, the government has reportedly pressed wealthy Saudi business families and institutions to invest, and many nationalists have labelled it a patriotic duty.
Aramco last year posted $111bn in net profit. In The First Nine Months of this year, its net profit dropped 18% to $68bn.
companies, saudi arabia
Source of news: bbc.com
