#Saudi Aramco

Saudi wealth fund makes senior hires, including Goldman banker

Goldman banker Eyas AlDossari will head investment advisory within the MENA Investments Division of the fund

Aramco sells $6bn of dollar-denominated Islamic bonds

The state-controlled company sold sukuk due in three, five and 10 years

Saudi Aramco

Aramco starts debut sale of dollar-denominated Islamic bonds

The firm is raising cash to help finance its plans to pay out $75bn in dividends

Saudi Aramco hires banks for debut dollar Islamic bond sale

The firm is raising cash to help fund its commitment to pay out $75bn in dividends

Aramco said to plan bond sale to help fund $75bn dividend

The price of oil has doubled since October to more than $70 a barrel

Saudi Aramco’s profit soars in Q1 as crude prices rise

Brent crude has gained over 30 per cent this year to top $68 a barrel

Chemicals maker Sabic’s profit surges as economies reopen

Revenue rose 24 per cent year-on-year to SAR37.5bn and 14 per cent from the previous quarter

Saudi Aramco

Aramco weighs sale of stake in natural gas pipelines

The company is also conducting a strategic review of its upstream business

Aramco said to review upstream assets for potential stake sales

The company reshuffled its senior management last year and created a division focused on portfolio optimisation

Revealed: Top 5 most powerful Arabs in Saudi Arabia

The highest ranked Arabs originating from Saudi Arabia in Gulf Business’ annual Arab power list

Aramco selling $12.4bn stake in pipeline rights unit

The deal is part of Saudi Arabia’s drive to open up to foreign investment and use the money to diversify its economy

Apollo is said to lead buyout group for $10bn Aramco deal

The buyout firm’s consortium will include US and Chinese investors

Saudi firms will cut dividends to fund $1.3 trillion investments

The new plan comes after the coronavirus pandemic and oil market turmoil created a double crisis for Saudi Arabia

Aramco aims to partner with China on blue hydrogen, CEO says

Aramco is looking to work with China on blue hydrogen and ammonia, synthetic fuels and carbon capture utilization and storage

Saudi-led jets strike Houthi targets in Yemen after Aramco hit

These strikes came after Iran-backed Houthi rebels attacked an Aramco refinery in the Saudi capital on Friday

Saudi wealth fund may close its biggest-ever loan deal this week

The Public Investment Fund is raising about $15bn from a group of international banks to finance new investments

Saudi chemical giant SABIC sees vaccinations boosting income

SABIC earned net income of SAR40m in 2020, down sharply from SAR5.2bn in 2019

SABIC to shortlist Citi, Morgan Stanley for specialty chemicals IPO

SABIC hasn’t decided on a venue for the sale

Saudi Aramco seeks $7.5bn loan for pipeline investors

The discussions are occurring in parallel with the sale of a stake in a pipeline unit

Saudi Arabia announces discovery of four new oil and gas fields

Saudi Aramco is continuing to work on determining the size and volume of discovered fields

Saudi Arabia plans spending cuts in 2021 as economy recovers

The kingdom will stick to its plan to cut spending by 7.3 per cent in 2021

Saudis raise crude price to Asia as vaccines buoy oil market

Aramco also increased pricing for light crude grades to the Mediterranean region

sabic

SABIC is said to weigh IPO of specialty chemicals business

SABIC reported its biggest quarterly loss in at least a decade in the three months through June

World’s biggest oil firm Saudi Aramco sells $8bn in bonds

Aramco sold $8bn in tranches maturing in three, five, 10, 30 and 50 years

Aramco turns to bonds to help fund $75bn dividend

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

Saudi oil giant pitches gas to China in cleaner-fuels push

Aramco is the world’s largest oil exporter

Saudi Aramco maintains dividend despite 45% slump in profit

Income still increased for the first time in five quarters as oil prices steadied

Saudi chemicals maker SABIC posts profit as demand revives

Profit rose mainly due to the reversal of SAR690m of impairments associated with Clariant AG

Aramco, Sabic to reassess $20bn crude-to-chemicals project

SABIC suspended new capital spending earlier this year as it reported losses in the first and second quarters

Saudi Arabia sends blue ammonia to Japan in world-first shipment

Japan will receive 40 tons of blue ammonia in the first shipment