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  • Aramco
    Saudi Aramco still betting on oil expansions, says GlobalData

    Somayeh Davodi, Oil and Gas Analyst at GlobalData, comments: “The major expansions at Saudi Aramco’s offshore oil fields of Marjan, Zuluf, Safaniyah and Berri are expected to comprise the majority of the company’s upstream investment over the next three years. Although these developments will also add gas and NGL capacity, the main addition will be oil.”

  • Abu Dhabi National Oil Company
    As Aramco hails record IPO, Abu Dhabi’s ADNOC whips up $19 billion

    However the Abu Dhabi National Oil Company, to give its full name, has raised more than $19 billion over the past three years from overseas investors, according to Reuters calculations based on publicly released size of investments, signing fees and share sales.

  • Saudi Aramco
    JPMorgan sees scope for Saudi Aramco stock gains

    JPMorgan is the first major brokerage to initiate coverage of Saudi Aramco with an “overweight,” setting a price target of SR37 ($9.86) per share and saying it sees scope for an increase in the energy giant’s proposed $75 billion base dividend. “Aramco is unique. In terms of quality of assets, scale and profitability it dwarfs just about any company globally,” BofA said in a note. “Yet, at current valuations, most of the outstanding fundamental factors are already priced in.”

  • Energy
    Saudi Aramco Chairman: Oil Industry Should Think In Decades

    Energy transitions “take decades, even centuries” to complete, the chairman of the world’s largest oil company, Saudi Aramco, said at a conference on Monday, adding that the industry should continue to think in decades. Because complete energy transformations take such a long time to complete, the oil industry should continue to think in decades, Aramco’s chairman Yasir Al-Rumayyan said at the International Petroleum Technology Conference (IPTC) in Dhahran, Saudi Arabia, as carried by Al Arabiya English.

  • Healthcare IPO
    Saudi Healthcare Firm Said to Start IPO in Wake of Aramco Sale

    Dr. Sulaiman Al Habib Medical initially planned to sell shares in 2016, people familiar with the matter said at the time. The company operates at least 14 medical facilities across Saudi Arabia, the United Arab Emirates and Bahrain, according to its website.

  • Aramco IPO
    Commentary: Why Saudi Aramco’s IPO Is No Ordinary Share Sale

    Investors were able to purchase just 1.5% of the world’s most profitable company -- about half what was previously considered. Even so, Aramco’s IPO became the biggest in history.

  • Aramco IPO
    Saudi Aramco exercises ‘greenshoe’ option to raise IPO by $3.8 billion

    An over-allotment — also called a "greenshoe option" — allows a company to issue a certain percentage of additional shares above what it had initially planned for an IPO. The option can act as a stabilizing mechanism to keep shares from falling below their offering price.

  • Capital Markets
    Saudi Healthcare Firm Said to Start IPO in Wake of Aramco Sale

    One of Saudi Arabia’s largest private healthcare operators plans an initial public offering next month, according to people familiar with the matter, in what will be a litmus test for investor appetite after the world’s biggest share sale. Dr. Sulaiman Al Habib Medical Group appointed Jadwa Investment and Riyad Capital as advisers, the people said, asking not to be identified because the matter is private.

  • Venture Capital
    Saudi Aramco Energy Ventures Readies New Fund, Beijing Office

    Saudi Aramco Energy Ventures, a unit of the kingdom’s energy company, is preparing to start a new fund this year after completing $500 million in investments. The new fund will also be roughly $500 million in size, Majid Mufti, the company’s chief executive officer, said in an interview on the sidelines of an energy conference in Abu Dhabi. It will be financed primarily by returns on the previous investment, which has backed 45 technology companies, primarily in the U.S. and Europe, since 2012.

  • Saudi Aramco
    Saudi Aramco Shares Take Hit From Mideast Conflict

    Investors who bought Aramco shares after the Saudi oil giant’s highly anticipated initial public offering last month haven’t benefited from the outbreak of conflict in the company’s Mideast backyard. Shares of the company—officially called Saudi Arabian Oil Co. —have fallen 10% from their peak on Dec. 16, a few days after they began trading on Saudi Arabia’s Tadawul exchange.