Saudi Aramco IPO

In a significant move, Saudi Aramco has announced an $11.2 billion stock sale, marking the largest global offering in three years. The proceeds will be channeled into Saudi Arabia’s ambitious economic overhaul. What Happened: The Saudi government is set to sell nearly 1.55 billion shares at...

In a strategic move to attract global investors, Saudi Aramco has launched a worldwide roadshow to promote its $12 billion share sale, marking a departure from its previous IPO approach. What Happened: Saudi Aramco is actively engaging with international investors through events in London and the...

The Saudi Arabian Oil Company snatched the tag of being the world’s most valuable publicly-traded company from Apple Inc (NASDAQ: AAPL) as its shares began trading on Riyadh’s Tadawul stock exchange on Wednesday. The shares of the state-owned oil company, better known as Saudi Aramco,...

Saudi Aramco, the Saudi Arabian government-owned oil company, is considered the world's most valuable company with estimates ranging in the trillions of dollars with most recent estimates coming in at around $2 trillion. But as the oil giant is prepping for a historic initial public offering, the...

Shares of Moelis & Co (NYSE: MC) were trading higher by nearly 4 percent Wednesday and hit a new 52-week high of $37.55 after the company reportedly landed a giant new advisory contract. According to a CNNMoney report, Moelis, an investment banking advisory firm valued at just $2 billion, has...

Saudi Arabia's reliance on the oil industry may come to an end, thanks to a new project dubbed "Vision 2030." Saudi Arabia's Deputy Crown Prince Mohammed bin Salman is being tasked with diversifying the country's economy and ridding its "addiction to oil." As...

According to a report by Reuters, the Saudi Arabian government is considering issuing shares of its refining ventures, but not in its crude oil exploration and production operations - which would include Saudi Aramco. Reuters, citing "sources familiar with official thinking," noted that Saudi...