Aramco Turns into a Joint-Stock Company

• Monday, 8th January 2018
• by Sarah Samir

Saudi Arabia has converted its giant Aramco into a joint-stock company right before its initial public offering (IPO) planned for later 2018, Reuters reported. The company’s conversion, which was announced in a cabine...

ADNOC Announces Partial IPO of Retail Division

• Wednesday, 15th November 2017
• by Editorial Team

Abu Dhabi National Oil Company (ADNOC) officially announced the partial initial public offering (IPO) of its retail division, Bloomberg reports. The company plans to offer at least 10% of ADNOC Distribution on the Abu...

CEO: Saudi Aramco IPO Not Linked to Market Conditions

• Wednesday, 25th October 2017
• by Editorial Team

The plans for the initial public offering (IPO) of Saudi Aramco are not linked to market developments, the company’s CEO, Amin Nasser, told Al Arabiya, Reuters reports. “The public offering has never been linked to de...

ADNOC to Offer IPO of Distribution Unit in 2017

• Sunday, 22nd October 2017
• by Editorial Team

Abu Dhabi National Oil Company (ADNOC) is planning an initial public offering (IPO) of ADNOC Distribution this year, sources told Bloomberg. ADNOC Distribution is the fuel-retail division of ADNOC and sells gasoline i...

China Pursues Direct Purchase of Saudi Aramco Stake

• Tuesday, 17th October 2017
• by Editorial Team

Two state-owned Chinese oil companies have expressed interest in directly purchasing a share of Saudi Aramco, Reuters reports. The two companies, PetroChina and Sinopec, have reached out to Saudi Aramco, expressing in...

Saudi Arabia Denies FT Report: IPO on Track

• Tuesday, 17th October 2017
• by Editorial Team

Saudi Arabia pushed back against reports that it was considering a private offering of Saudi Aramco instead of the previously announced initial public offering (IPO), Platts reports. On Sunday, the Saudi Aramco tweete...

Enppi’s IPO Delayed Until 2018

• Wednesday, 27th September 2017
• by Sarah Samir

Egypt has pushed back the initial public offering (IPO) of Engineering For The Petroleum & Process Industries (Enppi) until the first quarter of 2018, the Minister of Investment and International Cooperation, Saha...

Saudi Aramco: IPO on Track for 2018

• Tuesday, 26th September 2017
• by Editorial Team

The initial public offering (IPO) for Saudi Aramco remains scheduled for 2018, the Saudi Arabian Minister of Finance, Mohammed El Jadaan, told investors, Reuters reports. Earlier reports had indicated that Saudi Arabi...

Saudi Aramco: IPO on Track

• Sunday, 17th September 2017
• by Editorial Team

Saudi Aramco confirmed that its initial public offering (IPO) remains on track for next year, Reuters reports. Last week, Bloomberg reported that Saudi Arabia was preparing contingency plans in case the IPO was delaye...

Bloomberg Sources: Saudi Arabia is Preparing for a Possible IPO Delay

• Thursday, 14th September 2017
• by Egypt Oil & Gas

Saudi Arabia is developing back-up plans in case the initial public offering (IPO) of Saudi Aramco is pushed back until 2019, industry sources told Bloomberg. Last week the government assured investors that its reform...