Tag: Aramco

Saudi Aramco Reported 73% Profit Loss in Q1 of FY21
Middle East & Africa, COVID-19

Saudi Aramco Reported 73% Profit Loss in Q1 of FY21

SMEStreet Desk- August 10, 2020

During the same period of 2019, the company had reported a net income of $24.7 billion. Aramco President & CEO Amin H. Nasser said "We ... Read More

Technology For SMEs, New Launches

Saudi Aramco Unleashed World’s Largest IPO

SMEStreet Desk- December 7, 2019

This IPO's size gives Aramco a market valuation of $1.7 trillion, pushing it ahead of Apple ($1.17 trillion) as the world's most valuable publicly traded ... Read More

Govt Yet to Take Final Decision on Aramco’s Proposal to Acquire Bharat Petroleum
LimeLight, News

Govt Yet to Take Final Decision on Aramco’s Proposal to Acquire Bharat Petroleum

SMEStreet Edit Desk- November 19, 2019

The $1.7 trillion figure would make Aramco the highest-valued public company in the world, with a much larger market capitalization than Apple. However, it is ... Read More

Saudi Arabia to Invest USD 100 Billion in India
Editorial, Middle East & Africa

Saudi Arabia to Invest USD 100 Billion in India

SMEStreet Edit Desk- September 30, 2019

Saudi Ambassador Dr Saud bin Mohammed Al Sati has said India is an an attractive investment destination for his country, the world's biggest oil exporter, ... Read More

CCI Approves Acquisition of 70% Shareholding in Saudi Basic Industries Corporation by Saudi Aramco
Global, Middle East & Africa

CCI Approves Acquisition of 70% Shareholding in Saudi Basic Industries Corporation by Saudi Aramco

SMEStreet Edit Desk- September 27, 2019

The proposed transaction entails acquisition of 70% shareholding in SABIC, currently held by the Public Investment Fund of Saudi Arabia by Saudi Aramco. Through this ... Read More

Attack on Saudi’s Aramco Plant Jolts Oil Prices By 15%
Global, Middle East & Africa

Attack on Saudi’s Aramco Plant Jolts Oil Prices By 15%

SMEStreet Desk- September 18, 2019

Crude was up more than $8 per barrel by midday trading, to about $63, and Brent picked up more than $9 per barrel, to $69. Read More

Oil Prices Surged 10 % After Aramco Oil Plants Attacked
Global, Middle East & Africa

Oil Prices Surged 10 % After Aramco Oil Plants Attacked

SMEStreet Desk- September 16, 2019

West Texas Intermediate jumped 10.68 per cent to USD 60.71 and Brent climbed 11.77 per cent to USD 67.31 in early Asia trading following the ... Read More