Saudi Arabian Oil Co (SAUDI ARAMCO) News - Mubasher Info
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22 May 01:46 AM

Saudi Arabian Oil Co (2222)

Last update: 21 May 03:19 PM market time.
27.90
0.04
0.14%
Open 27.84
Previous Close 27.86
High 27.90
Low 27.64
Stock Statistics
Volume 29,611,546
Turnover 823,883,404.82
All data are 15 minutes late during market session

News

The GFRP facility spans 10,000 square metres
7 September 2021 02:37 PM Saudi Aramco opens first fibreglass steel manufacturing plant
Riyadh – Mubasher: Saudi Arabia has witnessed the inauguration of the first Aramco approved glass fibre reinforced polymer (GFRP) rebar manufacturing facility, IKK Mateenbar announced on Tuesday. The joint venture (JV) partnership between New …
International Agreements
Platts had reviewed Aramco's ATC
25 August 2021 04:38 PM Aramco Trading to join S&P Global Platts pricing process in Asia
Riyadh – Mubasher: Aramco Trading Company (ATC), the trading arm of Saudi Aramco, will take part in S&P Global Platts price assessment process for crude shipments in Asia. Platts had reviewed ATC and would consider information in the Asia Market …
Companies Investments
Revenues soared by 67.5% annually to SAR 584.43 billion in H1-21
8 August 2021 10:21 AM Aramco records SAR 177bn profits in H1-21; dividends announced
Riyadh – Mubasher: Saudi Arabian Oil Company (Saudi Aramco) achieved a surge of 103% in net profits after Zakat and tax to SAR 176.91 billion in the first half (H1) of 2021 from SAR 87.1 billion in H1-20. The profits per share stood at SAR 0.85 in …
Cash Dividends
Five investors backed over five VC deals in H1-21
5 August 2021 05:56 PM Aramco is among H1-21 active entities investing in Saudi-based startups – Report
Riyadh – Mubasher: Saudi Arabian Oil Company (Saudi Aramco) has been among the top investors by the number of investments in Saudi-based startups during the first half (H1) of 2021, according to a report by Magnitt. Out of a total 39 active …
Sector Reports
Saudi Arabia set Arab Light OSP to Northwest Europe at a discount of $1.70/barrel
4 August 2021 03:14 PM Aramco raises September crude official selling prices for Asia
Riyadh – Mubasher: Saudi Arabian Oil Company (Saudi Aramco) has increased the September official selling prices (OSPs) for its Arab light crude to $3 per barrel above the Oman/Dubai average for Asia, Reuters reported on Wednesday. The Kingdom has …
Commodities
Aramco confirms that these claims are completely false
2 August 2021 10:44 AM Aramco denies mining Bitcoin
Riyadh – Mubasher: Saudi Arabian Oil Company (Saudi Aramco) has refuted the news reporting that it would embark on Bitcoin mining activities, according to a press release on Monday. “Aramco confirms that these claims are completely false and …
Currencies
Announcing the results will take place prior to opening Tadawul
12 July 2021 03:00 PM Aramco to announce Q2 financial results, dividends early August
Riyadh – Mubasher: Saudi Arabian Oil Company (Saudi Aramco) will disclose the financial results and cash dividends for the second quarter (Q2) of 2021 on Sunday, 8 August. Announcing the results will take place prior to opening the Saudi Exchange …
Financial Results
Aramco intends to raise tens of billions of dollars
8 July 2021 04:02 PM Aramco likely to sell more assets, to generate multi-billion dollars
 Riyadh – Mubasher: Saudi Arabia Oil Company (Saudi Aramco) aims to generate double-digit billions of dollars, Bloomberg quoted Senior Vice President Abdulaziz Al Gudaimi as saying. The oil company adopts a strategy that is meant to create value …
Companies Investments
The gas pipeline stake sale is Aramco's second-largest midstream deal
30 June 2021 01:36 PM Saudi Aramco invites banks for financing advisory role for gas pipeline deal
Riyadh – Mubasher: Saudi Arabian Oil Company (Saudi Aramco) has invited banks to apply for a financing advisory role to help in the sale of a significant minority stake in the company's gas pipelines, three sources told Reuters. The sources said …
Companies Investments
Yasir Al Rumayyan to join Reliance board
24 June 2021 04:14 PM Aramco Chairman joins India’s Reliance board
Riyadh – Mubasher: Chairman of Saudi Arabian Oil Company (Saudi Aramco), Yasir Al Rumayyan, will be joining the board of Reliance Industries, a Mumbai-headquarter firm. The Indian company is expected to finalise a deal with Aramco this year, after …
Board of Directors
Aramco reportedly opted for seeking better terms
23 June 2021 04:23 PM Aramco extends $10bn loan on improved terms
Riyadh – Mubasher: Saudi Arabian Oil Company (Saudi Aramco) has reportedly secured a 12-month extension to a $10 billion credit facility it raised in 2020. Extending the loan came in line with negotiations to improve terms, according to Reuters. …
Companies Investments
The consortium acquired a 49% stake in Aramco Oil Pipelines Company
20 June 2021 10:36 AM Aramco closes $12.4bn with consortium including UAE’s Mubadala, EIG
Riyadh – Mubasher: An international investor consortium including UAE-based Mubadala and EIG has closed a $12.4 billion worth share sale and purchase agreement with Saudi Arabian Oil Company (Saudi Aramco). The consortium acquired a 49% stake in …
Companies Investments
Aramco completed on 17 June the Sukuk issuance of 30,000 notes
17 June 2021 04:11 PM Aramco raises $6bn through USD-denominated Sukuk offering
Riyadh – Mubasher: Saudi Arabian Oil Company (Saudi Aramco) has raised $6 billion by issuing USD-denominated international trust certificates. Aramco completed on 17 June the Sukuk issuance of 30,000 notes at a par value of $200,000 each, …
Companies Investments
Aramco is expected to raise between $3 billion and $4 billion
9 June 2021 01:05 PM Aramco likely to raise up to $4bn with dollar Sukuk
Riyadh – Mubasher: Saudi Arabian Oil Company (Saudi Aramco) is expected to raise between $3 billion and $4 billion on Wednesday as part of its first US dollar-denominated Sukuk sale, according to Reuters. Aramco’s debt issuance will comprise …
Sukuk and Islamic Finance
Saudi Aramco agreed to sell a minority stake in its pipelines
9 June 2021 09:49 AM UAE's Mubadala joins EIG-led consortium acquiring stake in Aramco Oil Pipelines
Mubasher: Abu Dhabi-based Mubadala Investment Company has joined a consortium led by the US-based EIG Global Energy Partners that had entered into a lease and lease-back agreement to acquire a 49% equity stake in Aramco Oil Pipelines Company, …
Companies Investments
The offering period has started on 7 June
7 June 2021 10:55 AM Aramco starts issuing USD-denominated Sukuk
Riyadh – Mubasher: Saudi Arabian Oil Company (Saudi Aramco) has started issuing USD-denominated Sukuk under the Ministry of Finance’s Trust Certificate Issuance Programme, according to a disclosure to Tadawul on Monday. The offering period has …
Sukuk and Islamic Finance
The UAE has followed the Kingdom with 20 companies
6 June 2021 10:05 AM Saudi Arabia, UAE lead Forbes Middle East's top 100 listed companies for 2021
Mubasher: Saudi Arabia and the UAE have dominated Forbes Middle East's annual ranking of the top 100 listed companies for 2021, with 37 and 20 companies, respectively. Saudi Arabia has had the most companies on the list, topped by Saudi Arabian …
Macroeconomics
The company is mulling a sale of both dollar and local-currency Sukuk
2 June 2021 01:40 PM Aramco plans Sukuk sale to finance $75bn dividends
Riyadh – Mubasher: The Saudi Arabian Oil Company (Saudi Aramco) is planning to sell Sukuk that would enable the company to fund a $75 billion dividend commitment, sources told Bloomberg.  Saudi Aramco has selected around 15 banks to manage …
Companies Investments
Aramco says it demonstrated reliable upstream performance in Q1
4 May 2021 11:35 AM Aramco records $21.7bn net income in Q1
Riyadh – Mubasher: The Saudi Arabian Oil Company (Saudi Aramco) achieved an increase of 30% in net profits to $21.7 billion (SAR 81.44 billion) during the first quarter (Q1) of 2021, compared with $16.7 billion (SAR 62.47 billion) in Q1-20, …
Financial Results
Saudi Aramco has set the distribution date as 2 June
4 May 2021 09:56 AM Aramco to distribute SAR 70bn dividends for Q1
Riyadh – Mubasher: The Saudi Arabian Oil Company (Saudi Aramco) will be paying SAR 0.3518 per share as a cash dividend to the entitled shareholders for the first quarter (Q1) of 2021. The dividend distribution will total SAR 70.33 billion ($18.76 …
Cash Dividends
China Investment Corporation is among potential investors - (Photo Archive)
29 April 2021 03:44 PM Chinese investors interested in Aramco stake
Riyadh – Mubasher: The Saudi Arabian Oil Company (Saudi Aramco) is receiving interest from major Chinese investors who are reportedly in talks to acquire a stake in the oil giant, Reuters first reported. The news comes shortly after the Saudi …
Initial Public Offerings
Aramco is convening preliminary discussions for the potential sale
27 April 2021 02:19 PM Saudi Aramco considers selling stake in natural gas pipeline network
Riyadh – Mubasher: The Saudi Arabian Oil Company (Saudi Aramco) is considering selling a stake in its natural gas pipeline network to generate cash and attract international investors to Saudi Arabia, sources told Bloomberg. Saudi Aramco is …
Companies Investments
The first bond issuance is expected to take place in Q1-22
15 April 2021 01:00 PM Aramco’s oil pipeline investors to refund loans with bonds in 2022
Riyadh – Mubasher: EIG Global Energy Partners will lead a consortium to issue billions of dollars in bonds over two or three transactions to refinance loans for investment in the Saudi Arabian Oil Company’s (Saudi Aramco) oil pipeline assets, …
Banking and Finance
The company has not reached a final agreement yet
11 April 2021 04:31 PM UAE's Mubadala in talks to join $12.4bn Aramco oil pipeline deal
Mubasher: Mubadala Investment Company, Abu Dhabi-based sovereign wealth fund, is in talks with the US company EIG Global Energy Partners to join a consortium investing in Saudi Aramco’s oil pipelines, according to Bloomberg, citing Mubadala …
Companies Investments
Aramco's 25-year lease transaction is expected to be finalised soon
11 April 2021 00:03 PM Aramco signs $12.4bn deal with EIG-led consortium
Riyadh – Mubasher: The Saudi Arabian Oil Company’s (Saudi Aramco) signed an agreement worth $12.4 billion (SAR 46.5 billion) with a consortium led by EIG Global Energy Partners to sell 49% equity of Aramco Oil Pipelines Company, according to a …
Companies Investments