Saudi Arabia's state-controlled energy giant Aramco plans to issue a $10 billion bond as early as next week, the Wall Street Journal reported Thursday, citing unnamed sources familiar with the matter.
div > div.group > p:first-child"> The move is designed to help raise funds for a down payment on the oil giant's $69.1 billion purchase of a majority stake in petrochemicals firm Sabic Basic Industries, the Wall Street Journal reported.
It would also mark the first-ever debt issuance from the world's largest oil firm, shedding a light on the firm's financial performance. Aramco Chairman Khalid al-Falih has reportedly said the firm will release data on its financial health and oil and gas reserves as part of a bond prospectus. Saudi Arabia is attempting to diversify its economy and reduce its reliance on oil revenues under a plan called Vision 2030 directed by Crown Prince Mohammed bin Salman.
इंडिया ताज़ा खबर, इंडिया मुख्य बातें
Similar News:आप इससे मिलती-जुलती खबरें भी पढ़ सकते हैं जिन्हें हमने अन्य समाचार स्रोतों से एकत्र किया है।
Aramco Plans $10 Billion Bond, Opening Books for First TimeSaudi Aramco plans to issue a $10 billion bond to help fund its acquisition of a majority stake in Saudi Arabia's petrochemicals firm, shedding a light on the financial performance of the world’s largest oil company for the first time
और पढो »
Saudi Aramco agrees to buy PIF's stake in SABIC for $69.1 billionSaudi Aramco has agreed to buy a 70 percent stake in Saudi Basic Industries Corp...
और पढो »
A $10 billion British hedge fund returned $300 million to Saudi Arabia after the Khashoggi murderPharo Management, a UK-based hedge fund told investors it returned $300 million to Saudi Arabia in a rare rebuke to the oil giant, according to Bloomberg.
और पढो »
Saudi Oil Firm Aramco Buys Stake in Chemicals Firm Sabic for $69 BillionSaudi Arabia’s national oil company has agreed to buy a majority stake in the kingdom’s petrochemicals firm for $69.1 billion, giving Crown Prince Mohammed bin Salman’s agenda a giant jolt of cash.
और पढो »
Saudi Aramco reaches $69.1 billion deal to buy majority stake in petrochemicals firm SABICThe deal will see Saudi oil giant Aramco purchase the Public Investment Fund's 70-percent stake in SABIC.
और पढो »
Saudi oil giant Aramco to pay $69.1 billion for majority stake in kingdom’s petrochemicals firm SabicSaudi Arabia’s national oil company has agreed to buy a majority stake in the kingdom’s petrochemicals firm for $69.1 billion, people familiar with the deal said, giving Crown Prince Mohammed bin Salman’s agenda a giant jolt of cash.
और पढो »
Saudi Aramco to buy SABIC in $69 billion chemicals megadealThe world's largest oil producer Saudi Aramco has agreed to buy a 70 percen...
और पढो »
Saudi Aramco building global gas business to cut carbon footprintSaudi Aramco, the world's biggest oil producer, was building an internation...
और पढो »
Saudi Arabia denounces U.S. recognition of Golan Heights as Israeli territorySaudi Arabia denounced U.S. President Donald Trump's recognition of Israel&...
और पढो »