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Gulf state investors step in to help Aramco hit IPO target: sources
Saudi Arabia's wealthy Gulf neighbors plan to invest in the initial public offering (IPO) of Saudi Aramco, sources familiar with the matter said, helping out Riyadh as it strives to raise $25.6 billion from a domestic listing of the state oil giant......»»
Saudi Aramco pursues IPO with local listing plan as lines up banks: sources
By Hadeel Al Sayegh, Davide Barbuscia, Marwa Rashad and Clara Denina.....»»
Saudi Aramco lines up banks, eyes local listing this year: sources
Saudi Aramco is expected to give lead roles to JPMorgan, Morgan Stanley and National Commercial Bank for its planned initial public offering (IPO), a source familiar with the transaction said......»»
Exclusive: Aramco listing plan halted, oil giant disbands advisors - sources
Saudi Arabia has called off both the domestic and international stock listing of state oil giant Aramco, billed as the biggest such deal in history, four senior industry sources said on Wednesday......»»
Saudi eyes new options as Aramco IPO halted - sources
Saudi Arabia has called off both the domestic and international stock listing of state oil giant Aramco, billed as the b.....»»
WeWork’s new stock-listing plan has echoes of its past
WeWork, which had one of the most spectacular IPO implosions in recent years, is trying to go public again—and some of the factors that worried regulators on the first deal are back again......»»
All eyes on Detroit as automakers ready slow, careful reopening of plants
The U.S. factories that make Fords, Chevys and Jeeps are coming back to life this week as workers install new safety equipment and wake up machines ahead of the high-stakes restart the Detroit automakers plan to launch on Monday......»»
Saudi Aramco profit falls 25% but dividend in line with planned payout for year
Saudi Aramco, the world's top oil exporting company, on Tuesday reported a 25% fall in first-quarter net profit, missing analyst estimates, but its quarterly dividend was in line with a plan for a $75 billion payout for the year......»»
Saudi Aramco first-quarter net profit slides 25% as oil prices tumble
Saudi Arabian state oil giant Aramco on Tuesday reported a 25% fall in first-quarter net profit, missing analyst estimates, but its quarterly dividend was in line with a plan for a $75 billion base payout to shareholders for the year......»»
Saudi, others resist Mexican plan to make small oil output cuts - sources
Saudi Arabia and other oil producers in the OPEC+ group pushed back on Friday on a Mexican plan to cut less than requested under plans for global supply curbs, two sources from the OPEC+ group said on Friday......»»
Saudi Aramco shares dive, Gulf debt markets hit as oil drops
Saudi Aramco shares fell by as much as 10% on Monday, dropping below their December listing price after Saudi Arabia and Russia said they would raise oil production in a battle for market share, sending crude prices down by a third......»»
Saudi Aramco begins early preparations for overseas listing, Bloomberg reports
See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»
The Wall Street Journal: HSBC to cut 35,000 jobs as part of plan to scale back operations
HSBC Holdings PLC said it would cut 35,000 jobs and $100 billion in assets in the next three years as it scales back its operations in the U.S., mainland Europe and its investment bank......»»
Aramco IPO proceeds to fund Saudi industry, including defense: finance minister
Saudi Arabia will pump the proceeds from last month's listing of oil giant Saudi Aramco into the local economy over several years, including building up the domestic defense industry amid tensions with Iran, its finance minister said on Tuesday......»»
Aramco shares up 1.6% in third consecutive day of gains
Saudi Aramco shares gained for a third consecutive day on Sunday, rising 1.63% to 37.4 Saudi riyal ($9.97), pushing the company's value back toward the $2 trillion level it topped last week......»»
Aramco IPO to help Saudi economy shift from oil: finance minister
Saudi Aramco's listing will boost the kingdom's efforts to diversify from oil as the bulk of proceeds will be injected in domestic projects, while the global buzz surrounding the deal will help lure foreign capital, the finance minister said......»»
Saudi Aramco"s IPO a make-or-break moment for controversial prince
The offering's success is crucial to the ambitious plan by Crown Prince Mohammed bin Salman to overhaul Saudi Arabia's economy and wean it off its reliance on oil revenue for survival......»»
Saudi Aramco says IPO priced at top to make it world"s biggest IPO
State-owned oil giant Saudi Aramco has priced its initial public offering (IPO) at the top of its indicative range, the company said on Thursday, making it the world's biggest flotation, above Alibaba's $25 billion listing in 2014......»»
FACTBOX: Saudi Aramco: the oil colossus
State-run oil giant Saudi Aramco has priced its initial public offering (IPO) at the top of its indicative range, making it the world's biggest flotation by raising more than Alibaba's $25 billion listing in 2014......»»
Saudi Aramco shares priced at top of range in world"s biggest IPO
State-owned oil giant Saudi Aramco has priced its initial public offering (IPO) at the top of its indicative range, the company said on Thursday, making it the world's biggest flotation by raising more than Alibaba's $25 billion listing in 2014......»»