saudi aramco

For Saudi Aramco’s IPO, ‘Slowly’ Will Do the Job

By Tim Falconer Here’s the thing about an initial public offering, (IPO), you generally only get one chance to get it right. And when there is so much riding on a single share sale, as is the case with Saudi Aramco, getting it right the first time isn’t just an objective, it’s a nailed on

[ Read More ]

Saudi Aramco Inaugurates $800 mln Cultural Center in Dhahran

By Reem Shamseddine DHAHRAN, Dec 2- Saudi Aramco opened an $800 million cultural center in Dhahran on Thursday, underlining the wide range of commitments the world’s biggest oil company has made as the kingdom tries to transform its economy. Saudi Arabia’s sweeping plans to reduce its dependence on oil revenue involve boosting the private sector

[ Read More ]

Saudi Aramco Finalizes IPO Options and Plans Global Expansion

By Rania El Gamal DHAHRAN, Saudi Arabia, May 10 – Saudi Arabia’s state-owned oil giant is finalizing options for its partial privatization and will present them to its Supreme Council soon, its chief executive said about the centerpiece of the kingdom’s efforts to overhaul its economy. The company has a huge team working on the

[ Read More ]

The Economic Foundations for Privatizing Aramco

By Omar Al Ubaydli WEB EXCLUSIVE — Saudi Deputy Crown Prince Amir Muhammad bin Salman Al Saud recently proposed the privatization of the national oil company, Aramco. Many analysts’ initial reaction was that Saudi Arabia must be in dire straits if it is even considering—let alone actually implementing—such a policy. However, Prince Muhammad did actually

[ Read More ]