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  • Sweden’s Seventh AP Fund excludes Saudi Aramco and six other companies

     Sweden's Seventh AP Fund (AP7) has blacklisted Saudi Aramco and six other companies from its portfolio all due to large-scale operations within oil extraction or coal production, the pension fund manager said on Monday.
    "The companies are blacklisted because they do not act in line with the Paris Agreement due to large-scale oil or coal operations without transition plans," AP7 said in a statement.

  • Retail subscription to Aramco’s secondary offering begins

    The offered shares constitute about 0.64% of the company's issued shares, as Aramco is capitalized at SAR 90 billion, divided into 242 billion shares (at no par value).   The retail subscription will end on June 5 at 5:00 pm.   The price range for the retail offering was set at SAR 26.7-29 per share.   The bookbuilding process for institutional subscribers to Aramco's secondary offering began on June 2.

  • Saudi Aramco Courts Foreign Investors With Roadshows in US and London

    The $1.8 trillion oil giant’s offer was covered in just a few hours after the deal opened. It wasn’t immediately clear how much demand came from overseas, though the order book reflected a mix of local and foreign investors, Bloomberg News reported.

  • Investors flock to Aramco share sale that could raise $13 billion

    Saudi Arabia's sale of shares in oil giant Aramco (2223.SE), opens new tab drew more demand than the stock on offer within hours of kicking off on Sunday, a deal that could raise up to $13.1 billion in a major test of international appetite for the kingdom's assets.
    The banks on the deal will take institutional orders through Thursday and will price the shares the following day, with trading expected to start next Sunday on Riyadh's Saudi Exchange.

  • Saudi Aramco’s $12 Billion Stock Offer Sells Out in Hours

    The government had demand for all shares on offer in a few hours after books opened, according to terms of the deal seen by Bloomberg News. Books were covered within the price range of 26.70 riyals to 29 riyals.

    While it wasn’t immediately clear how much of the demand came from overseas, the order book reflected a mix of local and foreign investors, three people familiar with the matter said, declining to be identified as the information is private.

  • Saudi Arabia to launch Aramco’s secondary offering on June 2: Report

    Saudi Arabia is set to formally launch a secondary offering of Saudi Aramco on June 2, Bloomberg reported, citing unnamed sources with knowledge of the matter.   The government plans to run a book-building process to gather investor orders until June 6. The stock sale has already attracted informal interest from investors across the Middle East and Europe totaling over $10 billion.

  • Saudi Arabia Set to Launch $10 Billion Aramco Offer Sunday

    Saudi Arabia is preparing to formally launch a secondary offering of shares in oil giant Aramco as soon as Sunday, a deal that could raise more than $10 billion and rank among the largest of its kind in recent years.

    The government plans to run a book-building process to take orders until next Thursday, people familiar with the matter said, asking not to be identified as the information is private. The deal has attracted informal interest from investors across the Mideast and Europe totaling over $10 billion, they said.

  • Saudi Arabia to Raise $10 Billion to $20 Billion in Fresh Aramco Stock Sale

    The long-awaited offering, if it proceeds, would alleviate near-term pressure on the kingdom to raise funds. Saudi Arabia has a slew of mega projects including a new city and a global airline, all aimed at diversifying the economy beyond oil. The country supersized a $12 billion debt sale earlier this year and has transferred billions from its foreign-currency reserves to its sovereign-wealth fund.

  • Saudi Arabia plans Aramco share sale as soon as June, sources say

    Saudi Arabia is planning a multi-billion-dollar share sale in energy giant Aramco (2222.SE), opens new tab as soon as June in what would be one of the region's biggest stock deals, two people familiar with the matter said.
    The offering could raise around $10 billion, one of the people said. The preparations are ongoing and the details could still change, the sources said, who were speaking on condition of anonymity because the matter is private.

  • Saudi Aramco interested in buying minority stake in Repsol’s renewable unit, Expansion reports

    State-controlled oil company Saudi Aramco (2223.SE), opens new tab is interested in buying a minority stake in the renewable unit of Spanish oil company Repsol (REP.MC), opens new tab, newspaper Expansion reported on Friday, citing unidentified market sources.
    Saudi Aramco has approached Repsol as it is mostly interested in the Spanish company's renewable assets in the U.S. The Saudi giant had not filed a formal offer yet, Expansion said.