Dar Al Arkan Real Estate Development Company, the leading and largest publicly listed Saudi developer, announce today their intention to redeem the US$ 400 million (SAR 1.5 billion) 2019 Sukuk, due to mature on May 28th 2019, and listed on Irish Stock Exchange & NASDAQ Dubai, out of the company’s internal cash reserves. Furthermore, they
More than 600 upcoming Saudi Arabia construction projects worth $130 billion (SR500 billion) were presented to approximately 1,500 contracting professionals at the Middle East’s first and largest contracting forum held in Riyadh recently. Saudi Aramco was an active participant, and one of several leading companies, as well as government organizations, presenting their contracting projects at
The Saudi Arabian Oil Company (Saudi Aramco) and Hyundai Heavy Industries Holdings today announced that they have reached an agreement for Saudi Aramco’s subsidiary, Aramco Overseas Company B.V (AOC), to purchase a 17% stake in South Korea’s Hyundai Oilbank, a subsidiary of Hyundai Heavy Industries Holdings. The investment is valued at approximately $ 1.25 billion.
Saudi Aramco has signed an agreement with the Arizona Centers for Comprehensive Education and Life Skills (ACCEL) of Phoenix to solidify and strengthen the provision of exemplary support services for children with developmental disabilities. The Ajyal Special Needs Center (ASNC) is the result of this determined collaboration — a unique alliance named ACCEL International for Saudi Education
Members of Saudi Aramco’s Young Leaders Advisory Board (YLAB) took part in a stimulating professional development program at the CERAWeek global energy summit — meeting with executives, researchers, and traders at Aramco affiliates while also engaging in a workshop with young professionals from Halliburton to identify potential solutions to the perception challenge facing the industry. Participating in
Saudi Aramco’s senior vice president of Upstream told attendees of the 21st Middle East Oil & Gas Show and Conference (MEOS 2019) that taking into account “the evolving nature of what resilience means to our industry” is important to redefining the future. Delivering a keynote address at the conference, Mohammed Y. Al Qahtani said the
Saudi Aramco today announced the signing of a share purchase agreement to acquire a 70% majority stake in Saudi Basic Industries Corporation (SABIC) from the Public Investment Fund of Saudi Arabia, in a private transaction for SAR 259.125 billion (or SAR 123.39 per share), which is equivalent to USD $69.1 billion. The remaining 30% publicly
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