| Element List |
Explanation |
| Introduction |
With reference to the announcement made by Saudi Aramco in Tadawul on April 11th, 2021 (corresponding to 29/08/1442H) relating to the signing of a share sale and purchase agreement with a subsidiary of EIG to sell an equity stake in Aramco Oil Pipelines Company (a recently formed wholly-owned subsidiary of Saudi Aramco for a value of USD 12.4 billion (SAR 46.5 billion), Saudi Aramco would like to announce the closing of the share sale and purchase agreement on 17/06/2021G (corresponding to 07/11/1442H) to sell an equity stake in Aramco Oil Pipelines Company (a recently formed wholly-owned subsidiary of Saudi Aramco) for a value of USD 12.4 billion (SAR 46.5 billion). Saudi Aramco completed all closing conditions for this deal, including all required merger control and related approvals The consortium with EIG and Mubadala comprises a broad cross-section of investors from North America, the Middle East and Asia Saudi Aramco will at all times retain title to, and operational control of, the pipeline network. |
| Previous Announcement |
Saudi Arabian Oil Company (Saudi Aramco) Announcement of the Signing of a Deal to Sell an Equity Stake in One of its Newly-Formed Subsidiaries for a Value of USD 12.4 billion (SAR 46.5 billion) |
| Date of Previous Announcement on Tadawul's Website |
2021-04-11 Corresponding to 1442-08-29 |
| Percentage of fulfilled achievement |
100% - as all closing conditions for this deal have been completed, including all required merger control and related approvals. |
| Event's Expected Completion Date |
17 June 2021 (corresponding to 07/11/1442H) |
| The costs associated with the event, and if they have changed or not with indication of the reasons. |
NA |
| Attached Documents |
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