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aramco

Saudi Telecom aids Saudi bourse

Saudi Telecom aids Saudi bourse

DUBAI: Major stock markets in the Gulf were mixed on Sunday, with the Saudi index extending gains from the previous...
Published 06 Sep, 2021 06:14am
Saudi Aramco lines up banks for bond sale
Business & Finance

Saudi Aramco lines up banks for bond sale

  • Aramco was widely expected to become a regular bond issuer after its debut $12 billion bond deal in 2019 was followed by an $8 billion, five-part transaction in November last year.
  • The energy giant is expected to raise up to $5 billion and the deal, which would be through sukuk, or Islamic bonds, is expected in the next few weeks.
Updated 02 Jun, 2021 06:54pm
Reliance's stake sale talks with Aramco stall over price
Business & Finance

Reliance's stake sale talks with Aramco stall over price

  • Aramco has told Reliance that refining margins are terrible and are expected to remain subdued in Q3 at least, so they can't pay the price they have agreed pre-COVID,
  • Reliance would wait for the market to recover rather than settling for a "drastic" revaluation of the asset.
Published 16 Jul, 2020 08:34pm
Reliance's $15bn stake sale deal with Aramco delayed
Business & Finance

Reliance's $15bn stake sale deal with Aramco delayed

  • Due to unforeseen circumstances in the energy market and the Covid-19 situation, the deal (with Saudi Aramco) has not progressed as per the original timeline.
  • Reliance shares fell more than 6% after Ambani's comment on the Aramco deal. The shares closed down 3.8% at 1,844 rupees each.
Published 15 Jul, 2020 08:40pm