The state-controlled company sold sukuk due in three, five and 10 years
The firm is raising cash to help fund its commitment to pay out $75bn in dividends
The price of oil has doubled since October to more than $70 a barrel
The yield on Aramco’s $3bn of bonds due in 2029 has dropped to 2.09 per cent from 3.04 per cent at the start of the year
Income still increased for the first time in five quarters as oil prices steadied
Saudi Arabia published an overview of its spending for the next three years that envisages annual cuts to help contain its fiscal deficit
The kingdom needs an oil price of $84 to balance this year’s budget
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