Oil magnate Saudi Aramco on Thursday overtook Apple Inc, to become the world’s most valuable company due to the recent surge in oil prices. Aramco is now worth about USD 2.43 trillion, compared with Apple’s USD 2.37 trillion, CNN reported citing data from Refinitiv. Market capitalizations fluctuate frequently as earlier […]
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Saudi Aramco seeks $7.5 billion loan for pipeline investors
Saudi Aramco is lining up a loan of about $7.5 billion for potential investors in its oil pipelines, according to people familiar with the matter. The world’s biggest oil producer has begun talks with lenders to secure favorable terms for the funding package that would then be offered to investors, […]
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Saudi Aramco takes another step toward first public offering
Saudi Arabia’s state-owned oil giant Aramco revealed it will sell up to 0.5% of its shares to individual investors, but in a lengthy document published late Saturday it did not disclose how much of the company will be floated when it goes public on the country’s domestic exchange. Still, the […]