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Hadeel Al Sayegh

Saudi Aramco prices shares at top of range in world's biggest IPO

06 Dec 2019

RIYADH/DUBAI State-owned oil giant Saudi Aramco's initial public offering (IPO) will be the biggest in history, but will fall short of the towering $2 trillion (£1.56 trillion) valuation long sought by Crown Prince Mohammed bin Salman. | Video

Saudi Aramco's bookrunners recommend pricing IPO at top end: sources

04 Dec 2019

RIYADH/DUBAI Saudi Aramco's bookrunners have recommended pricing its initial public offering at 32 riyals ($8.5) per share, the top of an indicative price range, three sources familiar with the deal said, potentially making it the world's biggest IPO.

Gulf state investors step in to help Aramco hit IPO target - sources

27 Nov 2019

DUBAI/ABU DHABI Saudi Arabia's wealthy Gulf neighbours plan to invest in the initial public offering (IPO) of Saudi Aramco, sources familiar with the matter said, helping out Riyadh as it strives to raise $25.6 billion (£20 billion) from a domestic listing of the state oil giant.

Abu Dhabi sovereign fund weighs investment of at least $1 bln in Aramco IPO -sources

27 Nov 2019

DUBAI/ABU DHABI, Nov 27 Abu Dhabi Investment Authority (ADIA) is weighing an investment of at least $1 billion in the initial public offering (IPO) of Saudi Aramco, which is relying mainly on Saudi Arabian and Gulf investors to raise up to $25.6 billion, five sources familiar with the matter said.

Saudi Aramco meets ADIA, Abu Dhabi funds in IPO pitch: sources

25 Nov 2019

ABU DHABI/DUBAI Saudi Aramco's executives met officials of Abu Dhabi Investment Authority (ADIA) on Monday to discuss a potential investment in the oil giant's share sale that could raise as much as $25.6 billion, three sources familiar with the talks said.

Saudi Aramco markets IPO in Dubai after approaching Kuwait fund

24 Nov 2019

DUBAI Saudi Aramco met investors in Dubai on Sunday to market its initial public offering (IPO), after trying to secure demand from Kuwait's sovereign wealth fund for the deal, worth up to $25.6 billion, which relies heavily on local and regional buyers.

Saudi Aramco markets IPO in Dubai after approaching Kuwait fund

24 Nov 2019

DUBAI Saudi Aramco met investors in Dubai on Sunday to market its initial public offering (IPO), after trying to secure demand from Kuwait's sovereign wealth fund for the deal, worth up to $25.6 billion, which relies heavily on local and regional buyers.

Creditors of UAE's Al Jaber consider enforcing debt claims: sources

24 Nov 2019

DUBAI Creditors of Abu Dhabi-based Al Jaber Group are considering enforcing claims against the owners of the group after delays in executing a restructuring agreement, the latest in a long-running debt dispute, two sources familiar with the matter said.

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