Saudi Aramco

Middle East

Yemeni rebels target Saudi Aramco in Jazan

29/01/2020

Yemen’s Houthi rebels launched a missile attack on Saudi Aramco, but an oil official in the kingdom said the projectiles were intercepted before they could hit their target in the southern Jazan region.

Oil & Gas

Drones, delays and disputes: Aramco’s rocky road to $2 trillion

17/12/2019

Saudi Arabia and investors have long been at odds about the value of the kingdom’s crown jewel. After a four-year journey that’s been marked with delays, disagreements over valuation and devastating attacks on Aramco’s oil facilities, the kingdom’s de-facto ruler hit his target on Monday: a $2 trillion company.

Middle East

Saudi Arabia cuts $2trillion Aramco valuation

18/11/2019

Saudi Arabia set a valuation target for Aramco’s initial public offering well below Crown Prince Mohammed bin Salman’s goal of $2 trillion and pared back the size of the sale to ensure the world’s largest oil producer successfully lists on the Riyadh stock exchange next month.

Middle East

Saudi Aramco’s $2trillion IPO delayed once again

21/10/2019

Saudi Aramco’s stop-start initial public offering was delayed again just days before a planned launch as doubts re-emerged about the $2 trillion valuation placed on the state oil giant by Crown Prince Mohammed bin Salman.