STV’s Post

Saudi Aramco Acquires Majority Stake in Petro Rabigh for $702 Million. 🔹 Strategic Expansion: In a significant move, Aramco is set to acquire an additional 22.5% stake in Rabigh Refining and Petrochemical Co. (Petro Rabigh), pushing its ownership to approximately 60%. This acquisition, worth $702 million, is part of Aramco’s broader strategy to strengthen its downstream value chain and secure the placement of its upstream crude oil with affiliated refineries. 🔹 Boosting Petro Rabigh’s Future: The $1.4 billion financial injection—split equally between Aramco and Sumitomo Chemical—is expected to enhance Petro Rabigh’s balance sheet, cash liquidity, and profitability, marking a pivotal step in its turnaround strategy. 🔹 Industry Insights: As a business strategist and real estate advisor with a focus on industrial and commercial real estate in KSA, I see this acquisition as a clear indicator of the growing importance of strategic partnerships in advancing Saudi Arabia’s industrial sector. The downstream integration will likely spur further investment in related infrastructure, creating opportunities across various sectors. 🔹 Looking Ahead: This transaction aligns with Vision 2030's objectives to diversify the economy and foster industrial growth. It's a development that underscores the ongoing transformation in Saudi Arabia’s business landscape, presenting new opportunities for investors and entrepreneurs alike. #SaudiArabia #Aramco #PetroRabigh #Investment #RealEstate #BusinessStrategy #Vision2030 #KSA #IndustrialRealEstate #CommercialRealEstate #arabianproperties #shan

As the lead lawyer in closing this landmark supply chain finance deal, it’s exciting to know that this will expand access to liquidity solutions across key sectors. Saudi Aramco (aramco) engaged with visionary teams to break new ground and contribute to #SaudiArabia’s evolving financial landscape. FII Institute #SaudiAramco #Taulia #Manafa #SupplyChainFinance #SaudiVision2030 #InnovativeFinance #TradeFinance #FinTech https://lnkd.in/g8tRSqdp

Hastings is pleased to be selected as one of nine parties (alongside Zijin, Vedanta) by the Kingdom of Saudi Arabia’s Ministry of Investment (MISA) for the Global Supply Chain Resilience Initiative (GSCRI) program totalling SAR 35 billion (US$9 billion / A$14 billion). Refer Reuters article: https://lnkd.in/gGSdhKw9 #Hastings #SaudiArabia #GlobalSupplyChain #InvestmentOpportunities #MISA #SupplyChainResilience #BusinessNews #RareEarth

Saudi aramco's $12 billion share sale sold out within hours of opening, demonstrating strong demand from local and #international investors. Priced between 26.70 riyals and 29 riyals per share, the offering is a crucial element of the #government's economic transformation plan. Foreign participation is of particular interest, given the Lukewarm response to Aramco's 2019 IPO. The funds raised will support diversification initiatives, including projects in artificial intelligence and tourism, as #Saudi Arabia aims to address its budget deficit. #LatestDubaiNews #ArabTimesNews #SaudiAramco #ShareSale #InvestorDemand #EconomicTransformation

We are pleased that China International Capital Corporation Limited (CICC) recently assisted the Government of the Kingdom of Saudi Arabia and Saudi Arabian Oil Company (Saudi Aramco) in completing a secondary offering of 0.64% of Saudi Aramco's shares on June 11th, 2024. The offering price was SAR 27.25 per share, and the gross sale proceeds amounted to around SAR 42.1 billion (USD 11.2 billion). As the sole Chinese investment bank with local expert in this historic transaction, CICC played an important role in attracting high-quality investor demand from China and the rest of Asia. This contribution bolstered the success of this offering. The transaction represents a remarkable milestone for Saudi Aramco, the world's largest oil producer, as the first global equity offering since its IPO in 2019. It also stands as the largest equity offering in the global capital markets from 2022 to date and the second largest equity offering in the oil and gas sector from 2011 to date, with the largest being Saudi Aramco's IPO in 2019.

Saudi Arabia is preparing to formally launch a secondary offering of shares in oil giant aramco as soon as Sunday, a deal that could raise more than $10 billion and rank among the largest of its kind in recent years. The government plans to run a book-building process to take orders until next Thursday, people familiar with the matter said, asking not to be identified as the information is private. The deal has attracted informal interest from investors across the Mideast and Europe totaling over $10 billion, they said. The offering will likely be priced at a further discount of as much as 10% to the trading price, though that could narrow based on investor demand, some of the people said. That’s in line with secondary sales in Saudi Telecom Co. and Tadawul Group Holding, which operates the kingdom’s stock exchange. No final decisions have been made on the offering period. Terms of the deal, including its size, could still change, the people said. Aramco didn’t immediately respond to requests to comment. #saudiarabia #aramco #saudivision2030 #oil #ipo #capitalmarkets

#Saudi 🇸🇦 is set to formally launch a secondary offering of shares in aramco potentially raising more than $10 billion. The government, Aramco’s largest shareholder, plans to conduct a book-building process to gauge investor interest until next Thursday. Informal interest from investors across the Middle East and Europe has already surpassed $10 billion. The follow-on offer comes nearly five years after Saudi Arabia raised approximately $30 billion in aramco initial public offering, the largest-ever stock sale globally. Proceeds from the share sale will support major initiatives aimed at diversifying the Saudi economy away from oil, as the kingdom invests in artificial intelligence, sports, tourism, and large-scale projects like the $1.5 trillion #Neom development.

Saudi Arabia Transfers Aramco Shares to PIF In an unprecedented move, #SaudiArabia has transferred an 8% stake in #Aramco to the Public Investment Fund, empowering the sovereign wealth fund with assets valued at $163.6 billion. This strategic asset repositioning supports the Vision 2030 goals of diversifying the economy and fortifying investment capabilities. Discover more insights on this major financial maneuver on Saudi Business News, link in bio! #SaudiBusiness #SaudiNews #Vision2030 #SaudiArabia #Aramco #PIF #EconomicReform #Investment #SovereignWealthFund

Pakistani and Saudi investors are teaming up for a $5 million edible oil refinery in Saudi Arabia, marking a significant stride in bilateral trade. FPCCI President Atif Ikram Sheikh confirmed the joint venture, with equal investment contribution from both sides. The refinery aligns with Saudi Arabia's Vision 2030, aiming to diversify its economy. Recent investments include Aramco's stake acquisition in Gas & Oil Pakistan, signaling growing interest in Pakistan's sectors. The Special Investment Facilitation Council is facilitating this influx of Gulf investment. #Pakistan #SaudiArabia #Investors #EdibleOilRefinery #EqualInvestmentsBothSides

#newsmakeroftheday Saudi aramco unit in talks to invest USD 1 billion in American software firm Mavenir Mavenir is working with Evercore on its talks with Aramco Digital, with a deal likely to be signed before the 2024 end. #internationalfinance #saudiaramco #mavenir #investment #aramcodigital #softwarefirm