Kuwait & Abu Dhabi To Invest In Saudi Aramco IPO
Aramco IPO did not gather momentum beyond the Gulf region, resulting in a revised lower IPO target; Kuwait and Abu Dhabi are reported to provide support.
Aramco
Aramco To Acquire 50% Stake In Refining SASREF
Aramco of Saudi looks to enter refining joint venture by purchasing fifty percent stake in Royal Dutch Shell in Saudi.
Blackstone & BlackRock to open offices in Saudi Arabia eyeing its lucrative market
Saudi Arabia is making rapid strides to diversify its economy and wean itself off its oil-dependent export economy.
Saudi Arabia’s Aramco agreeable to sell its private stake to investors
With mounting concerns of its international IPO, Aramco is important for the desert kingdom since it is one of its key vehicles through which it aims to diversify its oil based economy.
