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Total 190 results found. Search for [ Mohammed bin Salman ]

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Reuters
December 12, 2019
The state-owned oil giant's shares surged the maximum permitted 10 per cent above their IPO price on their Riyadh stock market debut on Wednesday


BusinessToday.In
New Delhi, December 11, 2019
As trading began state-owned Saudi Aramco's shares spiked. They rose to 35.2 Saudi riyals ($9.38) from 32 riyals, up 10 per cent. Aramco's public debut is the largest on record. Crown Prince Mohammed Bin Salman has been working towards transforming the Saudi economy and the IPO was a part of his Vision 2030. He first shared the idea in 2016. The company has hit a market value of $1.88 trillion. Aramco has overtaken Microsoft Corp. and Apple Inc. as the most valuable listed company. Watch the video about the oil giant's journey.


Reuters
December 11, 2019
Aramco stock will become part of Tadawul index by next week and global benchmarks such as MSCI and FTSE later this month


Nevin John
New Delhi, December 10, 2019
Aramco and Abu Dhabi National Oil Company (ADNOC) have been planning to jointly hold 50 per cent stake in the USD 44 billion refinery in Maharashtra


BusinessToday.In
New Delhi, December 6, 2019
Saudi Arabia's state oil company Aramco raised $25.6 billion in its initial stock offering. The amount raised has broken the record of Chinese online giant Alibaba's $25 billion-debut on the Wall Street in 2014. The market launch has spiked Saudi Aramco's value at $1.7 trillion. It is now way ahead of the other contenders in the trillion-dollar club - Apple at $1.2 trillion and both Microsoft and Alibaba at $1.1 trillion. However, it fell short of Crown Prince Mohammed bin Salman's target of $2 trillion. Saudi Aramco will begin trading three billion shares on the country's Tadawul stock exchange on December 12 at a starting price of 32 riyals or $8.53. The new private shareholders are mostly Saudis. The government used a series of initiatives to encourage Saudis to buy a stake in the kingdom's crown jewel. Watch the video for more.


BusinessToday.In
New Delhi, December 6, 2019
Saudi Aramco IPO: The amount raised has broken the record of Chinese online giant Alibaba's $25 billion-debut on the Wall Street in 2014


BusinessToday.In
November 17, 2019
Armaco said it plans to sell 1.5% or about 3 billion shares, at an indicative price range of 30 riyals ($8.00) to 32 riyals, valuing the initial public offer (IPO), at 96 billion riyals ($25.60 billion) at the top end of the range.


Reuters
Riyadh, November 10, 2019
The prospectus said the government will have a \"statutory lockup period\" for disposing of any shares after the listing for six months, and a contractual lockup period for 12 months


Nevin John
Mumbai, November 5, 2019
The Saudi government-owned company reported revenues of $356 billion (around Rs 25 lakh crore) in 2018, which is six times the revenue generated by the Mukesh Ambani firm and 25 times the revenue generated by ONGC


BusinessToday.In
November 3, 2019
Saudi Aramco IPO: The world's most profitable company's shares are expected to begin trading in December (2019)


Reuters
Dubai/Riyadh, November 2, 2019
Saudi Aramco IPO: To achieve $2 trillion, in the largest IPO in history, Riyadh needs the initial listing of a 1%-2% stake on the Saudi stock market to raise at least $20 billion-$40 billion


PTI
October 30, 2019



PTI
October 30, 2019



PTI
October 30, 2019



BusinessToday.In
New Delhi, October 29, 2019
Mukesh Ambani said, \"All the reform measures that have been taken in the last few months will see the outcome and I am quite sure that in coming quarter this will reverse.\"


PTI
October 29, 2019



BusinessToday.In
October 29, 2019
Saudi Aramco's IPO, which is set to be the largest in the history, is likely to be launched as early as November 3, according to a Reuters report.


PTI
October 29, 2019



PTI
October 29, 2019



BusinessToday.In
New Delhi, October 29, 2019
As part of SPC, India will become the fourth country after the UK, France and China, with which the Kingdom will form a strategic partnership


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