Saudi Arabian Oil Co (Saudi Aramco)

The acquisition is expected to provide long term, predictable cash flows to the trust, says the company.

In its December IPO round, Saudi Aramco had already raised a record US$25.6 billion, indicating that it could sell additional shares through over-allotment.

“The Stone Age did not end for lack of stone. The Oil Age will end long before the world runs out of oil.” — Ahmed Zaki Yamani, former Saudi oil minister

(Dec 2): You have heard it. Oil giant Saudi Aramco has begun the book-building exercise for possibly the largest IPO ever, given its plans to raise up to US$25.6 billion ($34.9 billion) from investors looking to participate in the most profitable company

(Dec 2): Has the golden age of asset management finally arrived in Asia? For years, Asia’s hottest unicorns left their homelands to list in New York for one simple reason: a deep pool of US money. And they have been rewarded. From Alibaba Group Holding

SINGAPORE (Oct 9): Loh Boon Chye, CEO of Singapore Exchange, gave a vague response as to whether the listing of Saudi Aramco – touted as potentially the world’s largest IPO ever – could take place here.

(Oct 1): Saudi Aramco has approached Asian state oil producers including Malaysia’s Petroliam Nasional and China’s Sinopec Group about potential cornerstone investments in its initial public offering, people with knowledge of the matter said.

SINGAPORE (Sept 23): In a few fiery moments, the drone strikes on Saudi Aramco’s main facility at Abqaiq cut 5% off the global oil supply. Oil prices surged as much as 20% when the markets reopened as analysts scrambled to make sense of the impact. The

There has been limited market reaction to the drone attacks on Saudi energy assets as investors focus on interest rates and weak growth. But the unprecedented scale of the strikes, and the threat of more, underline the risky ‘new normal’ for the globa

SINGAPORE (Aug 23): Saudi Arabian Oil Co is focusing on buying a strategic stake in chemical giant Saudi Basic Industries Corp, putting work on its potential initial public offering on hold, according to people familiar with the matter.