News tagged "Saudi aramco"

Saudi minister dismisses speculation on cancellation of Saudi Aramco IPO

Saudi minister dismisses speculation on cancellation of Saudi Aramco IPO

23rd August 2018

According to *GDN Online news report, in response to recent media reports about the IPO of Saudi Aramco, Khalid Al Falih, Minister of Energy, Industry and Mineral Resources and Chairman of Saudi Aramco issued the following statement dismissing speculation surrounding the cancellation of the IPO as not true.[..]

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Saudi Aramco not ready for IPO

Saudi Aramco not ready for IPO

6th July 2018

According to *Arabian Business news report, Saudi Aramco and the country aren’t ready for an IPO that could raise $100 billion but also bring unprecedented scrutiny to the company, the Wall Street Journal reported, citing Saudi officials and people close to the process.[..]

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Saudi Aramco restructures assets ahead of IPO

Saudi Aramco restructures assets ahead of IPO

11th June 2018

According to *Khaleej Times news report, Saudi Aramco has created a subsidiary to house its multibillion-dollar pension fund and could spin off its aviation division, sources said, as it restructures some assets not related to oil and gas ahead of its planned initial public offering (IPO).[..]

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