Saudi Arabian Oil Co (2222.B)

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News

3 December 2024 00:14 PM Aramco acquires 10% stake in Horse Powertrain

Riyadh – Mubasher: Saudi Arabian Oil Company (Aramco) purchased a 10% equity in Horse Powertrain, a global leader in hybrid and internal combustion powertrain solutions, according to a press release. The oil giant completed the transaction through …

Companies Investments

19 November 2024 02:32 PM Aramco launches new petrochemical complex in China

Riyadh – Mubasher: Saudi Arabian Oil Company (Aramco) teamed up with China Petroleum & Chemical Corporation (SINOPEC), and Fujian Petrochemical Company Limited (FPCL) to integrate a refining and petrochemical complex in Fujian Province, China. The …

Companies Investments

13 November 2024 01:33 PM Arabian Drilling, Aramco pen SAR 290m deal

Riyadh – Mubasher: Arabian Drilling has secured a contract extension for one of its Saudi Arabian Oil Company (Aramco) land rigs at a value of SAR 290 million, according to a bourse disclosure. The two signed the long-term agreement on 13 November …

Companies Investments

5 November 2024 10:12 AM Aramco’s revenues exceed SAR 1.2trn in 9M-24; dividends for Q3 approved

Riyadh – Mubasher: Saudi Arabian Oil Company (Aramco) recorded net profits amounting to SAR 314.65 billion in the first nine months (9M) of 2024, down 11.25% from SAR 354.54 billion in 9M-23. Revenues inched up by 0.02% year-on-year (YoY) to SAR …

Cash Dividends

30 October 2024 03:51 PM Aramco pens deal with Petrovietnam; world’s largest supply chain financing unveiled

Riyadh – Mubasher: Saudi Arabian Oil Company (Aramco) inked deals with Vietnam Oil and Gas Group Petrovietnam as well as Taulia, a leading fintech provider of working capital management solutions. Aramco and Petrovietnam joined forces to explore …

Companies Investments

14 October 2024 10:28 AM ADES Holding, Aramco extend rig agreements at SAR 946m

Riyadh – Mubasher: ADES Holding Company has secured contract renewals for its ADES 13 and ADES 14 onshore rigs operating in Saudi Arabia for nearly SAR 946 million. ADES Holding and Saudi Arabian Oil Company (Aramco) inked the deal for onshore …

Companies Investments

6 October 2024 06:28 PM Aramco completes $3bn international Sukuk issuance

Riyadh – Mubasher: Saudi Arabian Oil Company (Aramco) has concluded a $3 billion international Sukuk issuance that comprised of two equal US dollar-denominated tranches. The first $1.50 billion offering matures in 2029, carrying a profit rate of …

Companies Investments

26 September 2024 08:30 AM Aramco, CNBM pen 5-year collaboration agreement

Riyadh – Mubasher: Saudi Arabian Oil Company (Aramco) has signed a five-year cooperation framework agreement (CFA) with the China National Building Material Group Company Limited (CNBM). The joint deal aims to explore new opportunities in advanced …

Companies Investments

24 September 2024 11:34 AM Aramco plans to issue USD-denominated Sukuk

Riyadh – Mubasher: Saudi Arabian Oil Company (Aramco) plans to offer international trust certificates (sukuk) pursuant to SA Global Sukuk Limited’s Trust Certificate Issuance Programme. The offering’s amount is subject to market conditions, …

Companies Investments

12 September 2024 09:50 AM Aramco boosts downstream strategy via key Chinese deals

Riyadh – Mubasher: Saudi Arabian Oil Company (Aramco) signed agreements with key Chinese partners to bolster its ongoing contribution to the Republic’s long-term energy security and development. The deals were announced during a visit by a senior …

Companies Investments

11 September 2024 10:16 AM Aramco unveils plans to promote digital development at GAIN summit

Riyadh – Mubasher: Saudi Arabian Oil Company (Aramco) announced new initiatives to drive and reinforce advanced digital solutions across its operations, according to a press release. The initiatives were unveiled during the Global AI Summit …

Global Economy

8 August 2024 09:00 AM Petro Rabigh announces H1-24 financials; Aramco to become largest shareholder

Riyadh – Mubasher: The net losses of Rabigh Refining and Petrochemical Company (Petro Rabigh) hiked by 14.12% year-on-year (YoY) to SAR 2.46 billion in the first half (H1) of 2024 from SAR 2.16 billion. The revenues amounted to SAR 17.99 billion …

Financial Results

6 August 2024 10:21 AM Aramco’s expansion strategy drives strong financial performance in H1-24; dividends unveiled

Riyadh – Mubasher: The net profits of Saudi Arabian Oil Company (Aramco) declined by 9.06% year-on-year (YoY) to SAR 211.28 billion in the first half (H1) of 2024 from SAR 232.35 billion. Meanwhile, the revenues edged up by 0.94% to SAR 827.75 …

Financial Results

24 July 2024 10:01 AM Aramco awards $3.3bn contracts to Spanish-Chinese JV

Riyadh – Mubasher: Saudi Arabian Oil Company (Aramco) has awarded a joint venture (JV) formed by the Spanish company Técnicas Reunidas and the Chinese Sinopec Engineering Group the development of new natural gas liquids (NGL) fractionation …

Companies Investments

21 July 2024 02:56 PM Aramco awards project management contract to Dar

Riyadh – Mubasher: Saudi Arabian Oil Company (Aramco)awarded an engineering agreement to Dar Al Handasah Consultants, Shair and Partners, a Sidara Company, according to a press release. The deal covers consultancy services, including engineering, …

Companies Investments

18 July 2024 09:43 AM Aramco issues $6bn int’l bonds

Riyadh – Mubasher: Saudi Arabian Oil Company (Aramco) has issued $6 billion international bonds under its global medium term note programme. The company sold 30,000 bonds at a part value of $200,000, according to a bourse filing. The debt offering …

Bonds

17 July 2024 09:34 AM Aramco awards $500m offshore projects to Italy’s Saipem

Riyadh – Mubasher: Saudi Arabian Oil Company (Aramco) has awarded Italy-based advanced technological and engineering platform Saipem two offshore projects in Saudi Arabia under a long-term agreement with a total value of around $500 million. The …

Companies Investments

16 July 2024 06:10 PM Aramco invests in Air Products Qudra’s subsidiary through 50% equity acquisition

Riyadh – Mubasher: Saudi Arabian Oil Company (Aramco) will acquire a 50% stake in Jubail-based Blue Hydrogen Industrial Gases Company (BHIG) upon definitive agreements with the parent company Air Products Qudra (APQ), according to a press release. …

Mergers and Acquisitions

11 July 2024 01:47 PM Aramco partners with Dell, NITA on advanced tech talent development in KSA

Riyadh – Mubasher: Dell Technologies, Saudi Arabian Oil Company (Aramco), and the National IT Academy have signed an agreement to upskill Saudi students in science and technology. The four-month ITXcelerate programme will provide recent Saudi …

Companies Investments

11 July 2024 09:20 AM Aramco Digital, World Wide Technology to foster AI solutions

Riyadh - Mubasher: Aramco Digital, a subsidiary of Saudi Arabian Oil Company (Saudi Aramco), and World Wide Technology (WWT) have partnered to boost the digital transformation in Saudi Arabia and empower its economy to leverage innovative …

Companies Investments

9 July 2024 11:16 AM Aramco offers USD-denominated int’l bonds

Riyadh – Mubasher: Saudi Arabian Oil Company (Aramco) has started issuing USD-denominated international bonds at a minimum subscription of $200,000. The bonds are issued under the company’s Global Medium Term Note Programme, according to a bourse …

Banking and Finance

1 July 2024 11:46 AM Aramco boosts gas expansion plans via $25bn project awards

Riyadh – Mubasher: Saudi Arabian Oil Company (Aramco) has awarded contracts at a value exceeding $25 billion to boost its gas expansion strategy, according to a press release. The company plans to record sales gas production growth of more than …

Companies Investments

30 June 2024 09:35 AM Aramco eyes 10% equity ownership in HORSE Powertrain

Riyadh – Mubasher: Saudi Arabian Oil Company (Aramco) inked definitive agreements to acquire a 10% stake in HORSE Powertrain Limited, the new global powertrain solutions company. Aramco’s subsidiary pended the deals alongside Renault Group, …

Companies Investments

27 June 2024 02:37 PM ACWA Power signs SAR 12.3bn power purchase agreements; Aramco, PIF’s units included

Riyadh – Mubasher: ACWA Power Company has penned three power purchase agreements (PPAs) with Saudi Power Procurement Company (SPPC) and Saudi Aramco Power Company, a wholly owned subsidiary of Saudi Arabian Oil Company (Aramco), for three …

Companies Investments

26 June 2024 04:05 PM Units of Aramco, Sempra execute non-binding HoA for LNG sale

Riyadh – Mubasher: Subsidiaries of Saudi Arabian Oil Company (Aramco) and Sempra, a North American energy infrastructure company, have implemented a non-binding heads of agreement (HoA). The HoA covers a 20-year sale and purchase agreement (SPA) …

Companies Investments