Saudi Mechanical Industries Co.’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

It's is fake or real

Saudi Arabia's Aramco considering largest share offering in the history of global capital markets The world's most valuable oil company is planning to sell a stake of roughly $50 billion, according to a report by the Wall Street Journal Saudi Arabia is considering hosting any new Aramco offering on the Riyadh exchange For 2022, Aramco posted a whopping $161 billion in profits #aramco #saudiarabia #oil #stockmarket

In 1935, when Saudi Arabia was searching for oil, it had no money to spend so they let American oil companies do the drilling, exploration and selling, while paying Saudi government just nominal royalties, but the operation continued smoothly. By 1973, King Faisal made plans and started nationalizing Saudi Aramco by buying/acquiring Aramco shares from the American partners, using the money earned from oil exports. By 1980, Saudi Aramco or rather Saudi oil industry was completely nationalized. The beauty of this story is; ever since Saudi government bought Aramco from the American partners, it has grown into world’s largest, most valuable and profitable oil company, proving that Saudis are no less capable than the West in creating, running and managing global giants.

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Did you know that in 2022, Saudi Aramco, the globe's most profitable corporation, accounted for more than 60% of Saudi Arabia's governmental income. It reported an EBITDA of $307 billion and a net profit of $161 billion. This company paid $134 billion in taxes and allocated nearly $75 billion as dividends to the Saudi Arabian government during that year. With the government holding a 98% stake in the company, it contributed over $210 billion, surpassing 60% of the country's total revenue of $338.11 billion in 2022. (figures can vary a little from original because different websites reported slightly different numbers, but gives a good overall picture) #saudiarabia #saudiaramco

Offering size: The Offering comprises a secondary public offering of 1.545 billion shares of the Company (the “Offer Shares”), representing 0.64% of the Company’s issued shares. Eligibility: The Offering will be made to institutional investors in the Kingdom of Saudi Arabia, institutional investors located outside of the Kingdom of Saudi Arabia who are qualified in accordance with the Rules for Foreign Investment in Securities to invest in listed securities and retail investors in the Kingdom of Saudi Arabia and other GCC countries. Price Range: The price range for the Offer Shares is between SAR 26.70 and SAR 29.00 per share. aramco

Comparison of the value of Saudi Aramco and other oil companies in the world Saudi Aramco is almost four times larger than its nearest competitor. As of May 2024, there are only six companies in the world with a trillion dollar valuation, and only one of them is an oil company.