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Gulf Arab Region

Saudis scramble to raise cash for Aramco share sale

From tapping lenders to selling personal assets, Saudis are scrambling to raise cash to invest in Aramco stocks after the oil giant announced its blockbuster market debut even as it offered few listing details. After years of delay and false starts, the state-owned company said on Sunday it...

Huge Aramco IPO hounded by big ifs

A long-awaited, mega stock listing of Saudi oil giant Aramco has prompted questions about its true value owing to geo-political risks, and the future of oil in general. Often billed as the world's most profitable and valuable company, Aramco plans to float two percent of its shares on the...

Saudi Aramco confirms plans to list on Riyadh bourse

Saudi Aramco on Sunday confirmed it planned to list on the Riyadh stock exchange, describing it as a "significant milestone" in the history of the energy giant. "Saudi #Aramco confirms its intention to list on @tadawul, the Saudi National Stock Exchange," it said in a tweet. The final...