Featured
Aramco to Probably Sell $10 Billion Bond to Buy Sabic Stake

Saudi Aramco could tap the bond market for about $10 billion to help fund the acquisition of petrochemicals giant Saudi Basic Industries Corp., according to the country’s Energy Minister Khalid Al-Falih.
The kingdom will decide in the “next few weeks” about the size of the proposed bond, though the offering would not be “huge,” Al-Falih told reporters in Abu Dhabi. “It will be probably in about the 10 billion range.”
Aramco plans to tap the market in the second quarter, selling its first international bond and forcing the world’s largest oil producer to disclose its accounts to investors for the first time since its nationalization roughly four decades ago. It may also have to make public details about oil reserves and operations.
Aramco is in talks to buy a 70 percent share in Sabic from the Public Investment Fund, which could cost about $70 billion. Some had expected the potential bond to rank among the largest issued by a company if Aramco planned to finance a large chunk of the Sabic deal with it, though Al-Falih last week played down chatter in the market that Aramco would fund the entire deal with the bond offering.
Saudi Arabia last week sold $7.5 billion of international bonds in the first test of how much damage the killing of columnist Jamal Khashoggi inflicted on investor appetite. While early indications showed the kingdom would have to pay up, the premium narrowed substantially as the day went by.
Finance Minister Mohammed Al-Jadaan said in December the nation intends to sell about 120 billion riyals ($32 billion) of local and foreign-currency debt this year to help finance its deficit.
-
Banking & Finance2 months ago
National Finance Reinforces Position as Partner for Growth, Offers a Comprehensive Product Suite to Support Customer Ambitions
-
OER Magazines2 months ago
OER, June 25
-
Energy2 months ago
Russian Energy Week from October 15-17, 2025 offers alternative formats of cooperation
-
Technology2 months ago
SPIEF 2025 showcases cutting-edge technologies and digital innovation through its Innovation Space initiative
-
OER Magazines4 weeks ago
OER, July 25
-
Energy2 months ago
The year 2025 is a special year for Oman and Russia as it marks 40 years of diplomatic relations between the two countries says HE Sergey Tsivilyov, Energy Minister of Russia
-
Education1 month ago
Russia offers diverse tourism and education opportunities: Sofia Malyavina
-
Alamaliktistaad Magazines4 weeks ago
Al-Iktisaad, July 25
You must be logged in to post a comment Login