Saudi Aramco raises $25.6bn in world's biggest share sale

BBC News Thursday, 5 December 2019
The oil giant's listing is the biggest ever, surpassing that of China's Alibaba in 2014.
Video Credit: Rumble - Published
News video: Saudi Aramco prices world's biggest IPO

Saudi Aramco prices world's biggest IPO 01:39

State-owned oil giant Saudi Aramco's IPO will be the biggest in history but concerns about corporate governance and nation's role in Middle East politics may have limited international interest. Conway G. Gittens has the details.

You Might Like

💡 One News Page Knowledge: Other News Mentions

Saudi Aramco Saudi Aramco Saudi Arabian petroleum and natural gas company

Chinese giant eyes record $34bn market debut

The Chinese firm is set for the biggest public share offering ever, eclipsing Saudi Aramco's $29bn flotation.
BBC News

Saudi Aramco Trims Cost of Yanbu Project

Aramco and its subsidiary Saudi Basic Industries Corp. intend to incorporate existing facilities into the Yanbu project instead of building an entirely new one...
Aramco doubles down on oil to outlast rivals [Video]

Aramco doubles down on oil to outlast rivals

The slump in demand for crude during the coronavirus pandemic has forced oil companies to contemplate the possibility that the fossil fuel market has peaked and the time for a global energy transition has come. But as Francis Maguire reports Saudi Aramco sees things differently.

Credit: Reuters Studio    Duration: 01:42Published

Alibaba Group Alibaba Group Hangzhou-based group of Internet-based e-commerce businesses

Alibaba Boosts its Holding in Sun Art Group in a Deal Worth $3.6 Billion

Alibaba Group Holding has increased its stake in Sun Art Retail Group, a Hypermarket chain operator. As by Reuters, the move by Alibaba Group Holding Ltd (HKG:..

Alibaba increases stranglehold on Chinese shoppers

The tech giant is increasing its offline footprint by acquiring leading supermarket chain Sun Art.
BBC News
Jack Ma's Ant Group Putting Together Largest IPO In History [Video]

Jack Ma's Ant Group Putting Together Largest IPO In History

Business Insider reports that Jack Ma's Ant Group is looking to raise its funding target to $35 billion through its initial-public-offering. Ant is Alibaba's fintech arm and China's dominant mobile-payments service. Ant raised its valuation to $250 billion from $225 billion. Previously, the company expected to raise $30 billion. When Ant goes public, its listing will likely be the largest IPO in the world.

Credit: Wochit News    Duration: 00:24Published

Related videos from verified sources

Saudi Aramco Becomes World's First $2 Trillion Company [Video]

Saudi Aramco Becomes World's First $2 Trillion Company

Saudi Aramco Becomes World's First $2 Trillion Company. The oil producer is now the most valuable company in the world, with runner-up Apple being valued at $1.2 trillion. The company gained..

Credit: Wibbitz Top Stories     Duration: 00:53Published

Related news from verified sources

Alibaba Cloud Ends 2019 with Rapid Growth in APAC

Diverse growth in international customer base showing versatility of solutions HANGZHOU, China, Dec. 18, 2019 /PRNewswire/ -- Alibaba Cloud, the data...
PR Newswire Asia Also reported by •CRN

Colt connects to Alibaba Cloud in Asia, supporting businesses in their cloud based digital transformation strategies

TOKYO, Dec 10, 2019 - (ACN Newswire) - Colt Technology Services, a leading provider of agile, high-bandwidth connectivity solutions, today announced that Colt's...
ACN Newswire

AGTech Entered into Cooperation Framework Agreement with Alibaba Group

HONG KONG, Dec. 11, 2019 /PRNewswire/ -- *AGTech Holdings Limited* ("AGTech" or the "Group", HKEX stock code:08279) announced that its wholly-owned subsidiary,...
PR Newswire Asia Also reported by •WorldNews

Tweets about this