Majeb AlOdayani’s Post

Was #Aramco a good #investment for individuals if you would’ve held your position since the #IPO back in December 2019? The IPO price was SR 32… with the 3 X 10% bonus shares offered, the cost would be SR 24 (last closing SR 28.30, an 18% capital gain). It distributed dividends SR 6.4 until Q1 2024 (average of approximately SR 1.5/year), around 5% dividend yield. Beats any AAA #FixedIncome product offered today for the holding period

Saudi Arabia is considering plans to revive a follow-on offering in Aramco as soon as February, in a multibillion-dollar deal that’s likely to rank among the biggest share sales in recent years, according to people familiar with the matter. The kingdom is working with a group of advisers and is seeking to potentially raise at least 40 billion riyals ($10 billion) from the share sale on the Saudi stock exchange, the people said, asking not to be identified because the information is private. A successful deal would bring in funds for Crown Prince Mohammed bin Salman’s ambitious push to diversify the economy. Plans for the new sale comes four years after Saudi Arabia raised about $30 billion in Aramco’s initial public offering, which was the world’s largest ever stock sale. MBS, as the crown prince is called, has increased his spending ambitions since as he pumps huge amounts of money into the new development Neom, tourism, sports and other projects. with Dinesh Nair #saudiarabia #aramco #ipo #oilandgasindustry #oilcompanies

aramco Shares Surge: $10B Offering 💸 Saudi Arabia is set to launch a secondary offering of Aramco shares as early as Sunday. This deal could raise over $10 billion, marking one of the largest offerings in recent years. 👉 The government plans a book-building process to take orders, with informal interest from Middle Eastern and European investors already exceeding $10 billion. 👉 The offering is expected to be priced at a discount of up to 10% to the trading price, though this may narrow based on demand. This follows similar trends in secondary sales by stc and Saudi Tadawul Group. 👉 The timing coincides with an OPEC+ meeting to discuss oil output policy, with expectations to maintain supply curbs. Proceeds will support Crown Prince Mohammed bin Salman’s economic transformation initiatives, including AI, sports, tourism, and the $1.5 trillion NEOM project. ✨

Do you know? Saudi Aramco has been shrouded in secrecy since it was nationalised four decades ago. But on April 1, the world caught the first official glimpse of its financial details in decades as the company prepares for its debut on the international bond market. And the Saudi Arabian state company's disclosure provides revealing numbers that give the market food for thought less than a year after the kingdom reportedly called off plans for an initial public offering involving the world's largest oil company by revenue. #SaudiAramco #Fortune500 #OWCareers #OilandGas #FinancialTransparency #MarketInsights #OilIndustry #GlobalMarkets #InvestmentOpportunities #FinancialRevelations #MarketAnalysis #EconomicImpact #SaudiArabia #InternationalBusiness #InvestorNews

This single company accounts for 10% of the world's total oil production! Saudi Aramco is a behemoth generating over $27 billion in profits last quarter alone - more than the 3 years' profit of Reliance Industries! It is expected to raise $13 Billion through selling shares, less than a month-and-a-half's worth of profits for Aramco. So, why sell any stake? The answer lies in the Saudi government's extensive spending plans. These plans, primarily executed through the Kingdom’s high-profile Public Investment Fund (PIF), include the ambitious Vision 2030. This roadmap aims to create a 100-mile-long city, a luxury island, a mountain resort, and more. However, progress has been slow, and the country scaled back its medium-term goals in April. Originally planning to have over 1.5 million people living on “The Line” by 2030, Saudi Arabia now anticipates just 300,000 by that date. The total estimated cost for these developments? Approximately $1.5 trillion. Will the Saudi government be able to achieve this ambitious vision? #economy #business #finance Source: Chartr Daily

Bahri | البحري has recently finalized a deal worth nearly $1 billion for the acquisition of nine large oil tankers. The National Shipping Company of Saudi Arabia, also known as Bahri, has officially signed a purchase agreement for these Very Large Crude Carriers (VLCCs). Read more: https://buff.ly/3yZkUK2 #MarinerNews #ShippingNews #MaritimeNews #News #ShippingIndustry

#Aramco Bloomberg) --Saudi Arabia is considering plans to revive a follow-on offering in Aramco as soon as February, in a multibillion-dollar deal that’s likely to rank among the biggest share sales in recent years, according to people familiar with the matter. The kingdom is working with a group of advisers and is seeking to potentially raise at least 40 billion riyals ($10 billion) from the share sale on the Saudi stock exchange, the people said, asking not to be identified because the information is private. A successful deal would bring in funds for Crown Prince Mohammed bin Salman’s ambitious push to diversify the economy. Plans for the new sale comes four years after Saudi Arabia raised about $30 billion in Aramco’s initial public offering, which was the world’s largest ever stock sale. MBS, as the crown prince is called, has increased his spending ambitions since as he pumps huge amounts of money into the new development Neom, tourism, sports and other projects. There’s no final decision on the timing of the sale and the deal could still be delayed. The Saudi government referred requests for comment to Aramco, which declined to comment. Shares in Aramco fell as much as 2.2% Wednesday in Riyadh.