Aramco’s Share Offering: Guidance for ADNOC, Others

Aramco’s Share Offering: Guidance for ADNOC, Others

Arabian Post -Arabian Post Special The announcement of Saudi Aramco’s plan to sell shares on the public market has generated significant buzz in the financial world. This highly anticipated initial public offering (IPO) comes after years of speculation and strategic maneuvering by the Saudi government. Understanding the context of this offering and the initial investor response is crucial to assess its potential impact on Aramco and other government-owned oil […]

via Aramco’s Share Offering: Guidance for ADNOC, OthersArabian Post -

Arabian Post Special

The announcement of Saudi Aramco’s plan to sell shares on the public market has generated significant buzz in the financial world. This highly anticipated initial public offering (IPO) comes after years of speculation and strategic maneuvering by the Saudi government. Understanding the context of this offering and the initial investor response is crucial to assess its potential impact on Aramco and other government-owned oil companies (GCC) in the region.

Saudi Aramco, formally known as the Saudi Arabian Oil Company, is a behemoth in the global energy sector. Sitting atop the world’s second-largest proven oil reserves, Aramco boasts a long history of consistent production and plays a pivotal role in the global oil supply chain. In recent years, the company has embarked