Aramco IPO

The 21% decline in net profit for last year means it fell short of analysts' forecasts for the period that culminated in the share sale, months before the coronavirus pandemic became a factor for oil

Aramco's record IPO in December had valued the firm at $1.7 trillion, making it the world's most valuable company

Shares ended 2.8 per cent lower at 36.70 riyals in Riyadh, giving the company a total value of $1.96 trillion

Saudi authorities have been pulling several levers to try and make the deal a success, pressuring the kingdom's richest families to invest and loosening margin lending rules for banks

IPO share price out, valuing the company at up to $1.7 trillion

To lure investors, Aramco has promised a bumper dividend payment of at least $75 billion a year

Saudi Arabia is pulling out all the stops to ensure the success of Aramco's initial public offering after Crown Prince Mohammed bin Salman finally decided to offer shares

The Aramco listing is expected to be a major topic at a major investment summit that opened Tuesday in Riyadh

The attacks caused Saudi Arabia to halve its oil output and may cut the valuation of Aramco's milestone deal

One of the primary listings is going to be local but we are also ready for listing outside, it said

Prince Mohammed put a $2 trillion valuation on the state company in early 2016 when he first proposed a share sale to diversify Saudi Arabia's economy beyond oil

Indian state refiners could set up a refining venture with the Saudi giant