Tesla CEO Elon Musk said the electric carmaker could grow to be the world’s most valuable company. “I see a potential path with Tesla worth more than Apple and Saudi Aramco combined,” Musk said during a call with investors on …
by NineteenEighty9 https://www.ft.com/content/6c4d38c0-5ada-11e9-939a-341f5ada9d40 Saudi Aramco’s debut international bond sale drew $100bn of investor orders for the initial $10bn available to buy, smashing records for an emerging-market bond sale. How does that imbalance between orders and allocations happen, and what does …
By Charles Kennedy The Saudi plan to use their state-run oil giant, Aramco, as a piggy bank panned out fabulously for the Kingdom on Tuesday, with international investor demand topping $100 billion in Aramco’s first-ever foray into international debt markets. …
https://www.youtube.com/watch?v=TLXGlpHFbxg via FT: Saudi Aramco has for the first time disclosed the financial performance it has kept secret for three-quarters of a century, revealing that the kingdom’s state oil company generated more profits last year than any other company in …
Saudi Arabia appears to have scuttled its plans for the largest IPO ever — a move that may be explained partly by higher oil prices and partly by more dubious reasons. By Kurt Cobb, Resource Insights, via OilPrice.com”: Since late 2016 …