Edition:
United Kingdom

Davide Barbuscia

Saudi court rejects AHAB bankruptcy filings after decade-long dispute

16 Apr 2019

DUBAI, April 16 A Saudi court has rejected two applications from conglomerate Ahmad Hamad Algosaibi and Brothers (AHAB) to have its decade-long dispute with creditors resolved under the kingdom's new bankruptcy law, AHAB said on Tuesday.

Aramco bonds' modest gains suggest demand was inflated - sources

10 Apr 2019

DUBAI/LONDON Saudi Aramco's debut $12 billion bonds booked at best modest gains on Wednesday, their first trading day after some $100 billion in orders, suggesting part of the record-breaking demand was inflated, three banking and investment sources said.

Aramco sells $12 billion bonds out of record $100 billion demand

09 Apr 2019

DUBAI Saudi Aramco is set to raise $12 billion with its first international bond issue after receiving more than $100 billion in orders, a record breaking vote of market confidence for the oil giant which has faced investor concerns about government influence over the company. | Video

Investors flock to Saudi Aramco's debut international bond

08 Apr 2019

RIYADH/DUBAI Saudi Aramco has received bids for more than three times the $10 billion (7.66 billion pounds) it was expected to raise in a debut international bond issue, which is being watched as a gauge of potential investor interest in the oil company's eventual initial public offering.

ADNOC weighs secondary listing overseas for distribution business - sources

05 Apr 2019

DUBAI Abu Dhabi National Oil Company (ADNOC) is considering a secondary listing for its subsidiary ADNOC Distribution overseas, three sources told Reuters.

CORRECTED-UPDATE 1-ADNOC weighs secondary listing overseas for distribution business -sources

05 Apr 2019

DUBAI, April 4 Abu Dhabi National Oil Company (ADNOC) is considering a secondary listing for its subsidiary ADNOC Distribution overseas, three sources told Reuters.

ADNOC weighs secondary listing overseas for distribution business -sources

04 Apr 2019

DUBAI, April 4 Abu Dhabi National Oil Company (ADNOC) is considering a secondary listing for its subsidiary ADNOC Distribution overseas, three sources told Reuters.

Aramco's $10 billion-plus bond plan shows profits put top earner Apple in shade

01 Apr 2019

DUBAI Saudi Aramco, the world's biggest oil producer, made core earnings of $224 billion last year, almost three times as much as Apple, figures from the state-owned company showed on Monday ahead of its debut international bond issue. | Video

Saudi economy expands in fourth-quarter on boost from crude; non-oil growth slows

31 Mar 2019

DUBAI Saudi Arabia's economy grew in the fourth quarter of last year at its fastest rate since early 2016 due to an expansion in the oil sector, while non-oil growth was sluggish, statistics agency data showed on Sunday.

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