Boost For Saudi Arabia As Aramco Shares Surge 10% On Debut

Saudi Aramco shares surged the maximum permitted 10% above their initial public offering (IPO) price on their Riyadh stock market debut on Wednesday, closing in on the $2 trillion valuation long sought by Saudi Crown Prince Mohammed bin Salman.

BING NEWS:
  • Saudi Aramco CEO calls energy transition strategy a failure
    Pointing to the still paltry share of renewable energy in global supply, the head of Saudi Aramco described the current energy transition strategy as a misguided failure on Monday.
    03/27/2024 - 9:30 pm | View Link
  • Saudi Arabia’s East Pipes and Aramco cancel $40.8M contract
    In an unexpected development, East Pipes Integrated Company for Industry, a leading manufacturer of steel pipes based in Dammam, Saudi Arabia, has agreed to cancel a significant supply contract with ...
    03/21/2024 - 7:48 pm | View Link
  • Saudi Aramco Will Seek To Manage Rapid Industry Change
    Instead, it wants the company earmarked to fund Saudi Arabia’s ambitious modernization vision to ensure profitability in a decarbonizing world by focusing on gas, petrochemicals and downstream ...
    03/21/2024 - 1:00 pm | View Link
  • Saudi Aramco To Expand Natural Gas Output Capacity by 60%
    After scrapping oil capacity expansion plans earlier this year, Saudi state oil giant Aramco is now poised to boost natural gas output by 60% by 2030 ...
    03/20/2024 - 8:30 am | View Link
  • Saudi Arabia Launches New Incentives to Enhance Mining Exploration with $182 Million
    The Saudi Ministry of Industry and Mineral Resources launched new incentives, in cooperation with the Ministry of Investment, amounting to approximately SAR 685 million ($182 million), aiming to ...
    03/20/2024 - 12:22 am | View Link
  • More

 

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