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SINGAPORE (Dec 20): Saudi Arabian Oil Co (Saudi Aramco), the kingdom’s national oil corporation (NOC) and world’s biggest oil producer, had a positive debut on the Tadawul exchange. Its shares have gone up 19% from its IPO price of SAR32, closing at S
(Dec 4): The institutional tranche of Saudi Aramco’s planned initial public offering (IPO) has been almost three times oversubscribed, receiving orders worth 189.04 billion riyals ($69.8 billion), financial advisers for the IPO said on Tuesday.
Persistently low crude oil prices have hampered upstream and midstream activity. This has been worsened by the increasing emphasis on sustainability and decarbonisation. Will the oil industry remain in the doldrums?
(Nov 4): Saudi Arabia is pulling out all the stops to ensure the success of Aramco’s initial public offering after Crown Prince Mohammed bin Salman finally decided to offer shares in the world’s largest oil producer.
SINGAPORE (Oct 14): “We have certainly received a lot of questions regarding the freedom to move money.” — Clifford Ng, managing partner at Zhong Lun Law Firm in Hong Kong, whose clients are keen to shift assets to Singapore.
(Sept 17): Oil markets are grappling with uncertainty over how long it will take Saudi Arabia to restore output after the devastating attacks that knocked out 5% of global crude supply.