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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    The "biggest deal"... Saudi Aramco is considering selling shares worth $50 billion

    Rocky
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    • Post n°1

    The "biggest deal"... Saudi Aramco is considering selling shares worth $50 billion Empty The "biggest deal"... Saudi Aramco is considering selling shares worth $50 billion

    Post by Rocky Sat 02 Sep 2023, 4:52 am

    The "biggest deal"... Saudi Aramco is considering selling shares worth $50 billion
    • Time: 09/02/2023 08:29:28
       
    • Read: 793 times

    The "biggest deal"... Saudi Aramco is considering selling shares worth $50 billion Erkglerkger
      
    {Economic: Al Furat News} The American newspaper, "The Wall Street Journal", stated that Saudi Arabia is considering selling shares of the oil company "Aramco", at a value of up to 50 billion dollars, in a deal that is expected to be the largest in the history of financial markets.
    And the newspaper reported that after months of consultations with advisors, Riyadh decided that the new Aramco offering should take place on the Riyadh Stock Exchange to avoid any legal risks associated with the international listing, as revealed by Saudi officials and sources familiar with the plan.
    The American newspaper quoted its sources as saying that Aramco is surveying the opinions of potential investors, such as other multinational oil companies and sovereign wealth funds, about participating in the deal.
    No final decision has been made on the timing of the deal, but some people familiar with the deal say the kingdom could offer the shares before the end of the year, according to the Wall Street Journal.
    The same source also did not rule out the possibility of postponing or completely canceling this deal, explaining that Riyadh had put forward, over the past years, various plans aimed at raising funds through Aramco, some of which eventually faltered or were retracted.
    Last year, Aramco considered selling additional shares on the Riyadh Stock Exchange or listing it in London, Singapore or other places, but decided that market conditions were not favorable.
    Aramco did not respond to requests from the Wall Street Journal for comment.
    The company set the previous record for the largest initial public offering in the world in 2019, when it raised $29.4 billion from the sale of its shares.
    The initial public offering of the “Ant Group” of “Alibaba” owned by the billionaire, Jack Ma, exceeded the number recorded by the group, after it sold more than $ 34 billion in shares, in 2020.
    Bloomberg reported last May that the kingdom was considering selling additional shares of the world's largest oil company.
    https://alforatnews.iq/news/%D8%A7%D9%84%D8%B5%D9%81%D9%82%D8%A9-%D8%A7%D9%84%D8%A3%D9%83%D8%A8%D8%B1-%D8%A3%D8%B1%D8%A7%D9%85%D9%83%D9%88-%D8%A7%D9%84%D8%B3%D8%B9%D9%88%D8%AF%D9%8A%D8%A9-%D8%AA%D8%AF%D8%B1%D8%B3-%D8%A8%D9%8A%D8%B9-%D8%A3%D8%B3%D9%87%D9%85-%D8%A8%D9%82%D9%8A%D9%85%D8%A9-50-%D9%85%D9%84%D9%8A%D8%A7%D8%B1-%D8%AF%D9%88%D9%84%D8%A7%D8%B1
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