Non-institutional foreign investors decreased their ownership in Tadawul-listed equities, excluding Saudi Aramco, to 10.26% ...

Saudi Aramco is close to a deal to raise around $10 billion from a group led by BlackRock that has been set up to invest in ...

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The award of a multibillion-dollar contract at Saudi Aramco's Jafurah unconventional gas field is likely to be delayed at ...

Saudi Aramco is in advanced talks to sell a roughly $10 billion stake in midstream infrastructure serving the giant Jafurah ...

Saudi Aramco’s venture capital arm, Wa’ed Ventures, has backed a $30 million Series B funding round for local artificial ...

Saudi Aramco saw its Q1 2023 net profit decline by 19% year-on-year. Many Western investors are concerned that Saudi Arabia uses Aramco as a cash–cow for non-hydrocarbon related projects.

Saudi Aramco’s numerous business ventures, as well as its IPO, demonstrate it “is a national oil company that wants to become a global energy company,” said Karen Young, ...

But on Monday, Saudi Aramco opened its books, revealing that it generated $111.1 billion in net income last year, making it probably the world’s most profitable company by far.

Saudi Aramco said it had set the initial share price at 32 riyals, or about $8.53, the high end of the range it forecast last month. It plans to sell three billion shares, 1.5 percent of the company.

Saudi Arabia believes its giant state oil monopoly Aramco is worth between $1.6 trillion and $1.7 trillion. That would make it by far the world’s most valuable company. .