Saudi Arabia plans bumper Aramco IPO, relying on easy loans and rich locals

Deutschland Nachrichten Nachrichten

Saudi Arabia plans bumper Aramco IPO, relying on easy loans and rich locals
Deutschland Neuesten Nachrichten,Deutschland Schlagzeilen
  • 📰 Reuters
  • ⏱ Reading Time:
  • 43 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 97%

Saudi Arabia wants to ensure a colossal domestic IPO for state-run oil giant Saudi Aramco

RIYADH/LONDON/DUBAI - Saudi Arabia is setting the stage for a blockbuster listing of state oil giant Saudi Aramco in Riyadh, relying on easy credit for retail investors and pushing rich locals to invest with cash held abroad to achieve a $2 trillion valuation target.

A government committee has met in the past few months with dozens of wealthy Saudi individuals to secure pre-sale agreements, two bankers and a potential investor said. “Between the domestic Saudi enthusiasm for the company and government encouragement of investment in Aramco, Tadawul is bound to give Aramco the best opportunity for a high valuation.”Large Saudi banks are facilitating loans for local retail investors, three other banking sources said, amid strong liquidity in the banking system where deposits exceeded loans by 215 billion riyals in August.

Saudi investors see the IPO as a chance to own part of the kingdom’s crown jewel and an opportunity to show patriotism after the attack on Aramco oil plants on Sept. 14 that temporarily knocked out more than half the country’s output, which is now about 10 million barrels per day.

Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:

Reuters /  🏆 2. in US

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Desert X show in Saudi Arabia brings more fallout: A donor pulls outDesert X show in Saudi Arabia brings more fallout: A donor pulls outAn organizer of the art exhibition Desert X shrugs off the loss. She says Saudi money will fund future Desert Xs in the Coachella Valley.
Weiterlesen »

Abu Dhabi's Etihad sets up low-cost airline with Air ArabiaAbu Dhabi's Etihad sets up low-cost airline with Air ArabiaEtihad Airways and Air Arabia are jointly setting up a low cost carrier in Abu D...
Weiterlesen »

Saudi bus crash kills at least 35 foreign pilgrims – state mediaSaudi bus crash kills at least 35 foreign pilgrims – state mediaSaudi Press Agency citing police says the accident involved a private chartered bus that collided with a heavy vehicle in the western holy city of Medina.
Weiterlesen »

Saudi bus crash kills 35 foreigners in holy city of MedinaSaudi bus crash kills 35 foreigners in holy city of MedinaA bus crash in the Saudi city of Medina killed 35 foreigners and wounded four others on Wednesday evening, a police spokesman cited by the state-run Saudi Press Agency (SPA) said.
Weiterlesen »

Exclusive: U.S. carried out secret cyber strike on Iran in wake of Saudi oil attack - officialsExclusive: U.S. carried out secret cyber strike on Iran in wake of Saudi oil attack - officialsThe United States carried out a secret cyber operation against Iran in the wake of the Sept. 14 attacks on Saudi Arabia&39;s oil facilities, which Washington and Riyadh blame on Tehran, two U.S. officials have told Reuters. One of the officials said the strike affected physical hardware, but did not
Weiterlesen »



Render Time: 2025-03-21 13:44:58