Saudi Arabian Oil Co (2222)

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News

23 May 12:03 PM Arabian Pipes wins SAR 100m contract from Saudi Aramco

Riyadh – Mubasher: Arabian Pipes Company has been awarded a SAR 100 million contract to supply Saudi Arabian Oil Company (Aramco) with steel pipes. The financial impact of the 10-month contract will be registered from the first quarter (Q1) of …

Companies Investments

22 May 04:35 PM Saudi Steel Pipe inks SAR 97m supply contract with Aramco

Riyadh – Mubasher: Saudi Steel Pipe Company has signed a SAR 97 million supply contract with Saudi Arabian Oil Company (Aramco). Under the 10-month contract, Saudi Steel Pipe will supply oil and gas steel pipes to Saudi Aramco, according to a …

Companies Investments

15 May 06:15 PM Aramco records 82% higher net profits in Q1-22; dividends announced

Riyadh – Mubasher: Saudi Arabian Oil Company (Aramco) has registered net profits after Zakat and tax worth SAR 148.03 billion during the first quarter (Q1) of 2022, an annual growth of 81.76% from SAR 81.44 billion. The company generated SAR 467 …

Financial Results

3 April 04:09 PM Walaa Cooperative inks insurance deal with Aramco

Riyadh – Mubasher: Walaa Cooperative Insurance Company has signed an insurance agreement with Saudi Arabian Oil Company (Aramco) at a value exceeding 15% of Walaa Cooperative's gross written premiums in 2021. Upon the one-year agreement, Walaa …

Companies Investments

30 March 12:24 PM Aramco, KAUST, Hyundai team up to develop e-fuel

Riyadh- Mubasher: The Saudi Arabian Oil Company (Aramco) has partnered with King Abdullah University of Science and Technology (KAUST) and Hyundai Motor Group to jointly research and develop an advanced fuel for an ultra-lean burn engine to cut …

Companies Investments

20 March 02:49 PM Aramco's board recommends 25% capital raise

Riyadh – Mubasher: The board of the Saudi Arabian Oil Company (Aramco) has recommended a 25% increase in the company's capital to SAR 75 billion from SAR 60 billion by distributing bonus shares. The company's board has proposed to grant one bonus …

Management Decisions

20 March 09:45 AM Aramco's profits hike 124% in 2021; dividends proposed

Riyadh – Mubasher: The Saudi Arabian Oil Company (Aramco) registered a 124.42% year-on-year (YoY) surge in net profits after Zakat and tax to SAR 412.4 billion in 2021, compared to SAR 183.76 billion. The company generated revenues of SAR 1.34 …

Cash Dividends

24 February 05:07 PM Aramco closes $15.5bn deal to sell stake in gas pipelines unit

Riyadh – Mubasher: Saudi Arabian Oil Company (Aramco( has closed the agreement with an investor consortium to sell a 49% stake in its subsidiary Aramco Gas Pipelines Company at a value of $15.5 billion (SAR 58.1 billion). Led by affiliates of …

Companies Investments

16 February 02:10 PM Egypt signs crude oil supply agreement with Aramco Trading for petrochemicals complex

Mubasher: Egypt's Red Sea National Petrochemicals Co. has signed an agreement with Aramco Trading Company, a subsidiary of Saudi Arabian Oil Company (Aramco), to supply raw materials to the Red Sea Petrochemicals Complex at the Suez Canal Economic …

Companies Investments

14 February 04:59 PM Saudi Steel Pipe wins SAR 81m supply contract for Saudi Aramco

Riyadh – Mubasher: Saudi Steel Pipe Company has been awarded a SAR 80.6 million contract to supply oil and gas steel pipes to Saudi Arabian Oil Company (Aramco). The deal will be effective for 18 months from the contract’s signing date on 14 …

Companies Investments

2 February 02:20 PM Saudi Aramco acquires 7% stake in Norway's Cognite

Riyadh – Mubasher: Aramco Overseas Company, the subsidiary of the Saudi Arabian Oil Company (Aramco), has acquired a 7.4% stake in Cognite, a Norway-based company specialised in industrial software innovation. To invest in Cognite, Saudi Aramco …

Mergers and Acquisitions

26 January 11:07 AM Aramco awards Arabian Pipes SAR 268m contract

Riyadh – Mubasher: Arabian Pipes Company has been awarded a SAR 268 million contract to supply steel pipes to Saudi Arabian Oil Company (Aramco). The financial impact of the 13-month contract will be registered from the third quarter (Q3) of 2022 …

Companies Investments

24 January 08:32 PM Aramco inks 50 MoUs during iktva

Riyadh – Mubasher: The Saudi Arabian Oil Company (Aramco) has signed 50 new Memoranda of Understanding (MoU) on the first day of the sixth edition of the In-Kingdom Total Value Add (iktva) Forum and Exhibition. Aramco penned major agreements with …

Companies Investments

12 January 05:10 PM Aramco unveils new investments in Poland; MoU inked with both SABIC, PKN Orlen

Riyadh – Mubasher: The Saudi Arabian Oil Company (Aramco) is expanding its international presence with investments in Poland’s refining, wholesale, and jet fuel marketing sectors, according to a press release on Wednesday. Aramco will acquire …

Companies Investments

4 January 09:44 AM NMDC's unit wins AED 8.2bn contract by Saudi Aramco

Abu Dhabi – Mubasher: The National Petroleum Construction Company (NPCC), a wholly-owned subsidiary of National Marine Dredging Company (NMDC), has been awarded a new AED 8.2 billion contract by Saudi Arabian Oil Company (Aramco). Under …

Companies Investments

7 December 2021 10:43 AM Aramco signs $15.5bn deal to sell stake in newly-formed gas pipelines subsidiary

Riyadh – Mubasher: Saudi Arabian Oil Company (Aramco) has inked an agreement with a consortium led by BlackRock Real Assets and Hassana Investment Company to sell a 49% stake in Aramco Gas Pipelines Company in exchange for $15.5 billion (SAR 58.1 …

Companies Investments

30 November 2021 04:26 PM Italy's Saipem wins $750m contract for Jafurah field's development

Riyadh - Mubasher: Italy-based Saipem has entered into a new contract worth $750 million with Saudi Arabian Oil Company (Aramco) to contribute to the development of the Jafurah unconventional gas field, Saudi Arabia's largest non-associated gas …

Companies Investments

30 November 2021 09:33 AM Aramco awards $10bn contracts to develop Jafurah gas field

Riyadh – Mubasher: Saudi Arabian Oil Company (Aramco) has awarded subsurface and engineering, procurement, and construction (EPC) contracts worth $10 billion to develop the Jafurah unconventional gas field, Saudi Arabia's largest non-associated …

Companies Investments

15 November 2021 05:24 PM Saudi Steel Pipe awarded SAR 190m supply contract for Aramco

Riyadh – Mubasher: Saudi Steel Pipe Company will provide Saudi Arabian Oil Company (Aramco) with oil and gas steel pipes under a contract worth SAR 189.9 million. The contract duration is approximately 18 months starting from mid-November 2021, …

Companies Investments

14 November 2021 00:15 PM Arabian Pipes signs SAR 66m deal with Aramco

Riyadh – Mubasher: Arabian Pipes Company has been awarded a contract standing at SAR 66 million to provide Saudi Arabian Oil Company (Aramco) with steel pipes, according to a bourse disclosure on Sunday. The contract duration is 14 months starting …

Companies Investments

10 November 2021 02:13 PM Arabian Pipes to provide Aramco with steel pipes under SAR 305m deal

Riyadh – Mubasher: Arabian Pipes Company has signed a contract worth SAR 305 million with Saudi Arabian Oil Company (Aramco) to supply the latter with steel pipes. Arabian Pipes has been awarded and signed the deal on 9 November, according to a …

Companies Investments

31 October 2021 00:33 PM Aramco’s profits leap 158% in Q3; dividends announced

Riyadh – Mubasher: The Saudi Arabian Oil Company (Aramco) recorded a surge of 158% year-on-year (YoY) in net profits after Zakat and tax to SAR 114.09 billion during the third quarter (Q3) of 2021 from SAR 44.21 billion. Revenues soared by 79.5% …

Financial Results

26 October 2021 03:22 PM Aramco, TotalEnergies launch retail network in Saudi Arabia

Riyadh – Mubasher: Saudi Arabian Oil Company (Aramco) has partnered with TotalEnergies to launch the first two service stations of their joint retail network in Saudi Arabia. The two stations, located in Riyadh and Saihat, are part of a network …

Companies Investments

11 October 2021 01:59 PM Aramco requests banks to arrange $12-14bn gas pipeline loan

Riyadh – Mubasher: Saudi Arabian Oil Company (Aramco) has requested banks to arrange a loan of between $12 billion and $14 billion that would be provided to buyers of its gas pipeline network, sources told Reuters. The sources added that this step …

Companies Investments

30 September 2021 11:13 AM Petro Rabigh inks agreement for SABIC to market petrochemicals

Riyadh – Mubasher: Rabigh Refining and Petrochemical Company (Petro Rabigh), a 37.5% subsidiary of Saudi Arabian Oil Company (Aramco), has signed a joint agreement with Aramco and the Saudi Basic Industries Corporation (SABIC) to market …

Companies Investments