Your question: Who is leading Aramco IPO?

Who led Aramco IPO?

In January 2016, then-Deputy Crown Prince Mohammad bin Salman announced that he intended to sell 5% of Saudi Aramco — Saudi Arabia’s government-owned oil company — in an international initial public offering (IPO) to fund Saudi Arabia’s ambitious economic reform plans.

Who is buying 1% of Aramco?

Saudi Arabia was in discussions to sell 1% of Aramco to a leading global energy company and could sell further shares including to international investors within the next year or two. Sovereign wealth fund China Investment Corporation (CIC) was among those that could invest, two sources told Reuters.

How much is Aramco IPO per share?

Aramco’s record IPO in Decmeber had valued the firm at $1.7 trillion, making it the world’s most valuable company. Reuters Aramco shares were trading at 31.50 riyals ($8.40) at 0705 GMT, down 4.85 per cent, compared to the IPO price of 32 riyals.

Which Bank took Saudi Aramco public?

The oil giant picked nine banks as joint global coordinators in September: JPMorgan, Morgan Stanley, Citigroup, Credit Suisse, Goldman Sachs, HSBC, NCB Capital, Samba Financial Group, and Bank of America (formerly known as Bank of America Merrill Lynch).

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What is the biggest IPO in history?

At nearly 22 billion U.S. dollars, the 2014 initial public offering (IPO) of Alibaba Group Holding Limited remains the largest IPO in the United States ever. Trailing by almost four billion U.S. dollars, Visa takes second place, followed by ENEL SpA, an energy company based in Italy.

Is Aramco going public?

State-owned oil company Saudi Aramco said on Sunday it has exercised its “greenshoe option” to sell an additional 450 million shares, raising the size of its initial public offering (IPO) to a record $29.4 billion.

Can I invest in Aramco?

So, for the majority of people, investing directly in Saudi Aramco isn’t possible. However, some exchange-traded funds (ETFs) — such as the iShares MSCI Saudi Arabia ETF (NYSEARCA: KSA) — hold the stock, so investors can gain exposure to Saudi Aramco by buying shares in them.

What is Aramco net worth?

The total value of assets of Saudi Aramco in 2021 was approximately 576.7 billion U.S. dollars. Saudi Aramco was ranked one of the most profitable companies worldwide according to its credit rating.

How can I buy Aramco stock?

One of the easiest ways to get some exposure is to invest in the iShares MSCI Saudi Arabia ETF KSA, -1.13% , which is the only single-country exchange-traded fund for Saudi stocks. The ETF tracks a grouping of companies called the MSCI Saudi Arabia IMI 25/50 Index.

Is Aramco private?

It is primarily state-owned but raised $29.4 billion in a 2019 IPO and a greenshoe option in 2020. Moody’s rated the company an A1 because of its credit links to the Saudi government.

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Was Saudi Aramco IPO successful?

Despite its sky-high valuation, the Saudi Aramco IPO was no success.