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Can never rule it out
danger ( Date: 11-Sep-2019 15:51) Posted:
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Saudi Aramco aims to select underwriters for its initial public offering as soon as this week, as the state energy giant accelerates preparations for the world&rsquo s biggest share sale, people with knowledge of the matter said.
it won' t list in sgx for sure
How to subscribe for this IPO ?
Based on prospectus, is this ctr going to pay us dividends in future ?
Based on prospectus, is this ctr going to pay us dividends in future ?
CRUDE OIL : $58.17 NOW
Saudi Arabia is in a rush to boost oil prices ahead of record-setting Aramco IPO
The OPEC kingpin wants to balance its massive budget and simultaneously pull off a $2 trillion valuation for Saudi Aramco, the country' s crown jewel. Both of those challenging efforts require much higher oil prices.
Saudi Arabia' s surprise decision over the weekend to install a new oil minister, its third in just over three years, reflects a sense of urgency about boosting prices ahead of the planned Aramco IPO. The listing would be the largest in history and is at the heart of the sweeping Vision 2030 plan to diversify Saudi Arabia' s economy
SEMBCORP INDUSTRIES AND KEPPEL CORP AKANG DATANG
Saudi Energy Minister Prince Abdulaziz bin Salman said on Monday Saudi Arabia was aiming for the Aramco IPO &ldquo as soon as possible&rdquo , speaking on the issue for the first time since replacing Khalid al-Falih at the ministry.
The kingdom has geared up to fast-track the IPO by bringing in the head of Saudi Arabia&rsquo s sovereign wealth fund, Yassir al-Rumayyan, who was recently named Aramco chairman and leads an executive committee overseeing the plans.Aramco is finalizing the list of banks that will manage the deal, with mandates expected in the coming days, sources said.
JPMorgan, Morgan Stanley and National Commercial Bank are expected to have lead roles and Citi, Goldman Sachs, HSBC and Samba Financial Bank will likely be added to the list of banks managing the transaction, one of the sources said.
The kingdom has geared up to fast-track the IPO by bringing in the head of Saudi Arabia&rsquo s sovereign wealth fund, Yassir al-Rumayyan, who was recently named Aramco chairman and leads an executive committee overseeing the plans.Aramco is finalizing the list of banks that will manage the deal, with mandates expected in the coming days, sources said.
JPMorgan, Morgan Stanley and National Commercial Bank are expected to have lead roles and Citi, Goldman Sachs, HSBC and Samba Financial Bank will likely be added to the list of banks managing the transaction, one of the sources said.