Saudi Arabia’s stock exchange, the Tadawul, was down 7.7% in afternoon trading after plans to orchestrate a supply cut among OPEC and non-OPEC states collapsed amid investor fears surrounding the fast-spreading coronavirus.
Was Saudi Aramco IPO successful?
While this initial portion of the Aramco IPO has been quite successful, at the very least making some of the more vocal critics think twice, it did not achieve the ultimate goal of raising $100 billion for Saudi Arabia’s Public Investment Fund (PIF), and thus its efforts to diversify the Saudi economy.
Can I buy Saudi Aramco stock?
It’s extremely hard for any American to buy into Saudi Aramco, the world’s most valuable corporation. But for those looking to get a little exposure, at least two widely available exchange-traded funds now hold shares of the company.
Who is the CEO of Saudi Aramco?
How can I invest in Saudi Aramco from India?
Being an Indian citizen, you can still invest in the IPO. One way to do is to use the government’s Liberalised Remittance Scheme (LRS). Under this, domestic investors are allowed to remit US $250,000 during a financial year to another country, which can be used to buy stocks and debt instruments in overseas markets.
What is Aramco net worth?
In the 2020 Forbes Global 2000, Saudi Aramco was ranked as the 5th-largest public company in the world.
|Headquarters in Dhahran, Eastern Province, Saudi Arabia|
|Net income||US$49.0 billion (2020)|
|Total assets||US$510.4 billion (2020)|
|Total equity||US$264.2 billion (2020)|
|Owner||Government of Saudi Arabia (98.5%)|
Why is Saudi Aramco successful?
Aramco supplies about 10% of the world’s crude oil. … That’s just one part of what makes Aramco so profitable. The company also benefits from investments it has made in its infrastructure, which makes it cheap to pump its oil. Then there’s the accessibility of its oil reserves.