Spreading the truth. Empowering the people.
By Simon Watkins This week will see the onset of full trading activity in the shares of Saudi Arabia’s flagship oil company, Aramco. Through a combination of wooing local retail … Read more
by ScotchBrandyBourbon They are pricing it at $1.7 trillion. But this is a super inflated number. They are only selling 1.5% of the company. If they had to sell … Read more
By Irina Slav A day before Aramco is to announce the final price of the shares it will list on the Saudi stock exchange, the list of bad news for … Read more
By Irina Slav Malaysia’s state oil company Petronas, which Aramco was courting as a large investor in its upcoming initial public offering, has decided against the investment. “Petronas would like … Read more
by Puzzleheaded_Match Some of the world’s top investment bankers gathered at a Riyadh palace on Saturday to deliver their final recommendations on a project that had consumed the government of … Read more
By Cyril Widdershoven The global oil market could be entering unchartered waters in the coming weeks. After the US shale revolution, which threatened OPEC’s hold on and the stability of … Read more
by Frank Holmes, CEO, U.S. Global Investors Imagine waking up in your posh high-rise penthouse facing the Red Sea. Above the bustling city hangs a giant artificial moon that livestreams … Read more
Perhaps the biggest news is what’s missing: no % of shares; no price range (that we knew would come later). But more importantly: not independent geological assessment of the oil … Read more
By Julianne Geiger Saudi Arabia is hitting up its wealthy citizens to buy stock in the Saudi Aramco IPO, Bloomberg sources with knowledge of the matter said on Thursday. The citizens Saudi … Read more
by Tom Luongo via TomLuongo.me Saudi Crown Prince Mohammed bin Salman (MbS) has staked his country’s future on selling a 5% stake in Saudi Aramco, the most valuable asset it has. And it … Read more
Saudi Aramco officials and advisers are holding last-minute meetings with investors in an attempt to achieve as close to a $US2 trillion ($2.9 trillion) valuation ahead of an expected Sunday … Read more
By Simon Watkins One thing that professional bank and fund traders know that others may not is to absolutely never trust the credit rating agencies in making trading decisions. The … Read more
DUBAI/RIYADH (Reuters) – Saudi Aramco aims to announce the start of its initial public offering (IPO) on Nov. 3, three people with direct knowledge of the matter told Reuters, after … Read more
By Cyril Widdershoven The Aramco IPO has become a headache for many investors having been delayed yet again this week. Banks are now worried that it will be delayed until … Read more
By Simon Watkins From almost the very moment in 2016 when Saudi Arabia first announced that it was to float its state-owned oil and gas behemoth, Saudi Aramco, in a … Read more
by JealousEntrepreneur Upcoming key dates: Oct. 17 Board meets to make final decision on IPO Oct. 20 Announcement on intention to float Oct. 27 Prospectus for offering is published … Read more