Home
[size=36]Saudi Capital Market Authority approves Aramco's request to put its shares on the market[/size]
Economy | 08:30 - 03/11/2019
Follow - Mawazine News
The Saudi Capital Market Authority (CMA) has approved the request of the Saudi Arabian Oil Company (Saudi Aramco) to register and put part of its shares for public subscription. The prospectus will be published before the subscription date.
The prospectus contains information and data that the investor needs to know before making the investment decision, including the company's financial statements and full information about its activity and management.
The Authority's approval of the application shall be considered valid for a period of 6 months from the date of the Authority's decision.
Saudi Aramco will hold a press conference on Sunday as well as world markets await the announcement of a major event at the conference that could be important details about the company's initial public offering (IPO) if the forecasts are true, informed sources told Al Arabiya.net.
The news agency "Reuters" news agency on Saturday, citing five unnamed sources, that the announcement of the IPO plan for the state-owned oil giant Saudi Aramco may be on Sunday. The world's largest oil company will announce its plan to launch on November 3, the sources said.
Prince Abdul Aziz bin Salman bin Abdul Aziz, Saudi Minister of Energy, said that the initial public offering of Aramco will soon, and that the decision is in the hands of Crown Prince Mohammed bin Salman.
Speaking at a conference on the Future of Investment Initiative in Riyadh last week, the Saudi energy minister said the IPO "will happen soon, but it will happen at the right time with the right approach and certainly with the right decision." "First and foremost, it will be a Saudi decision, specifically the decision of Prince Mohammed bin Salman."
The prospectus contains information and data that the investor needs to know before making the investment decision, including the company's financial statements and full information about its activity and management.
The Authority's approval of the application shall be considered valid for a period of 6 months from the date of the Authority's decision.
Saudi Aramco will hold a press conference on Sunday as well as world markets await the announcement of a major event at the conference that could be important details about the company's initial public offering (IPO) if the forecasts are true, informed sources told Al Arabiya.net.
The news agency "Reuters" news agency on Saturday, citing five unnamed sources, that the announcement of the IPO plan for the state-owned oil giant Saudi Aramco may be on Sunday. The world's largest oil company will announce its plan to launch on November 3, the sources said.
Prince Abdul Aziz bin Salman bin Abdul Aziz, Saudi Minister of Energy, said that the initial public offering of Aramco will soon, and that the decision is in the hands of Crown Prince Mohammed bin Salman.
Speaking at a conference on the Future of Investment Initiative in Riyadh last week, the Saudi energy minister said the IPO "will happen soon, but it will happen at the right time with the right approach and certainly with the right decision." "First and foremost, it will be a Saudi decision, specifically the decision of Prince Mohammed bin Salman."
» utube MM&C 10/17/24 MM&C News Reporting - Iraq Dinar Updates 10/16/2024
» MM&C 10/16/24 Iraq Increases Reserves at IMF by 50%
» MM&C 10/15/24 US Senate enters the line of pressure on the Central Bank of Iraq
» utube MM&C 10/15/24 Attention to Valuation-Revaluation of Currency-IMF-WB-Viewpoints
» Parliament holds intensive sessions next week and includes several laws, most notably personal statu
» Politician: The Coordination Framework Initiative will include all representatives of Sunni alliance
» Politician: US Ambassador continues to violate diplomatic norms
» "Kurdistan Wealth" reveals the only obstacle to resuming the region's oil exports
» Environment: Movement to transform Dora refinery into an environmentally friendly facility
» Minister of Electricity: The government is keen to activate memoranda of understanding with Turkish
» Bitcoin price nears $70,000 amid optimism over future of risky assets
» Iraqi ports are under the spotlight... deliberate neglect or common interests?
» Minister of Water Resources discusses with Turkish Ambassador activating the provisions of the frame
» Customs concludes an agreement with the Land Transport Company to guarantee the payment of customs d
» Trade: These are the reasons for postponing the (48) session of the Baghdad International Fair / Exp
» Al-Sudani to the delegation of the Russian Lukoil: The importance of developing the oil industries t
» Revealing the features of a political movement to decide the position of the Speaker of Parliament -
» Iraqi oil prices continue to decline for the fifth consecutive day
» Kidnappings, assassinations and opinion arrests decline in Iraq under Al-Sudani government - Urgent
» Due to the situation in the region... the 48th session of the Baghdad International Fair has been po
» Chinese engineers survive tribal fire in southern Iraq
» Al-Sudani calls for working in a team spirit, away from electoral competition... A package of servic
» The government intends to proceed with a new licensing round for Iraqi gas.. What will it add?
» Lukoil briefs Sudani on its work in West Qurna and Oreido fields
» Did the special voting machines for the Kurdistan Parliament elections record a technical failure?
» The Commission reveals to Sumaria the reasons for the special vote for the Kurdistan Parliament elec
» Holidays in Iraq... 34 trillion dinars in losses!
» Aides CUT OFF Interview as Kamala Harris BOMBS on Fox News
» Trump's women's voters town hall oct 16-24
» Trade Bank of Iraq announces the imminent opening of Al-Saydiyah and Al-Samawah branches
» Finance launches third issue of government bonds “Enjaz” for public subscription
» Washington: We support Iraq’s economic reform agenda, updating the budget and enhancing transparency
» Muqtada al-Sadr: German Foreign Minister must retract her statements supporting the killing of civil
» About $270 million in sales from the Central Bank of Iraq at today's auction
» Oil Ministry: Iraq is one of the worst violators of gas flaring rules
» Al-Sudani chairs a meeting to follow up on efforts to develop the work of the government banking sec
» Al-Sudani stresses the importance of banking reform in enhancing citizen confidence and cooperation
» BRICS currency.. Government advisor: A global monetary and financial system is about to be born
» Iraq imports 17% of Jordanian food industry products
» MP: 3 Iraqi messages at the International Conference of Speakers of Parliaments in Geneva
» The Minister of Oil dismisses the Director General of the North Oil Company from his position
» Nechirvan Barzani calls on Baghdad not to be afraid of arming the Peshmerga: They are defending Iraq
» Two waste sites identified for use in energy generation in Baghdad
» EU seeks to build economic corridor with Gulf states
» Industry announces obligating brick factories to switch to gas instead of black oil
» Iraq ranks third in real estate purchases in Türkiye during the month
» The President of the Republic discusses the investment situation in the country
» Iraq reconstruction projects before Arab ministers
» Al-Sudani: The government has regained the confidence of citizens
» Major government campaign to combat environmental pollution
» The food basket and care increased the citizen’s share of the GDP.
» Economic Contradictions: Argentina as a Model
» Malians: No significant impact of dollar's rise in markets
» Calls to speed up the establishment of the {Bank of the Poor}
» Today.. The Kurdistan government announces a list of September salaries
» Al-Sudani pledges to adopt a 5-dimensional "integrated strategy" to support Diyala
» Barzani and Erdogan discuss the development road project
» The Presidency of the Republic calls for submitting applications regarding death sentences that do n
» Iraq is heading to import gas from deep in Asia
» They brought in about 4 billion dollars.. Iran receives more than 4 million tourists, led by Iraq, i
» Will "Turkmen gas" change the reality of electricity in Iraq?
» Politician: US Ambassador Failed to Create Western Veto on Parliament Laws
» White House adopts hotline with Baghdad in preparation for indirect negotiations with Tehran
» Deputy Minister of Oil publishes phrases for unknown reasons on his Facebook account
» He inaugurated and announced strategic projects and issued 3 important decisions.. Dimensions of Al-
» The trial period for raising the prices of improved gasoline has ended, and the amount of revenues i
» Iraq is the fourth in the world in violating “Internet freedom” during 2024
» Parliament Speaker Crisis Looms.. Coordination Framework Agrees to Support Al-Mashhadani
» Al-Sudani Party: Parliament fully supports the Prime Minister
» Kurdistan Finance Deposits More Than 77 Billion in Non-Oil Revenues into Baghdad Treasury
» Causing environmental pollution.. Closure of 30 metal smelting sites east of Baghdad
» Traffic announces the imminent start of issuing license plates for taxis, trucks and bicycles
» A huge fire devours a hypermarket in Baghdad
» Planning: The general census will collect accurate information on employees in the public and privat
» The Commission announces its full readiness to hold the Kurdistan Regional Parliament elections
» The Coordination Framework agrees to support Al-Mashhadani for the presidency of Parliament
» Sunni political meeting to discuss general amnesty and the issue of the position of the Speaker of P
» Petroleum Products: The percentage of imports of derivatives decreased to 50 percent
» "Medicines in Iraq" .. Talk about smuggled treatments and the absence of a pharmaceutical policy
» Dollar exchange rate drops on Thursday morning
» "Suspicion" in Karbala Refinery: Failure to train Iraqi cadres.. Korean will renew the operating con
» Parliamentary Committee Talks About Economic Reform Law: It Reached Parliament Months Ago
» New Study Talks About an American Crime: Uranium Fingerprint in the Blood of Iraqis
» Electoral silence in Kurdistan before stormy vote
» Special voting for Kurdistan elections starts tomorrow and the commission announces its readiness
» Iraq's 2025 budget returns to the forefront, so what are the demands?
» great interview President Trump's Interview with Bloomberg at The Economic Club of Chicago
» Foreign remittance sales increase by 97% at Central Bank auction
» Al-Maliki invites international companies to invest in agriculture in Iraq
» MP urges Sunni forces to decide on Parliament Speakership
» Al-Sudani is upset with the procrastination and threatens to withdraw the Australian hospital projec
» The Coordination Framework agrees to support Al-Mashhadani for the presidency of Parliament and pass
» Finance Minister and US Ambassador Discuss Government Efforts to Achieve Economic Reforms
» Parliamentary Services: Nearly 80% of waste landfill sites do not have environmental approvals
» "The rise of the dollar is not the reason".. An expert reveals the reasons for the rise in meat pric
» Al-Sudani lists the implementation of 99 schools in Diyala with funding from this party
» Al-Furatain Bloc: Al-Sudani's government is working to complete all service projects on time
» The Central Bank reveals the percentage of gold in Iraq's foreign currency reserves