Six months after agents from Saudi Arabia dismembered the writer Jamal Khashoggi, investors are no longer shying away from doing business with the kingdom. Source: NYT > Business – MICHAEL J. de la MERCED, STANLEY REED and DAISUKE WAKABAYASHI
Demand for Saudi Aramco Bonds Sails Past the Goal
Despite concerns about the company’s ties to Saudi Arabia and Crown Prince Mohammed bin Salman, Aramco is the world’s most profitable company, and investors want a piece of it. Source: NYT > Business – STANLEY REED and MICHAEL J. de la MERCED
Saudi Aramco’s Profit Exceeded $110 Billion Last Year, Report Says
Earnings at Saudi Arabia’s giant oil company, reported by Moody’s, far outstripped the profits of giant tech companies or rival oil producers. Source: NYT > Business – STANLEY REED
DealBook Briefing: Aramco Makes More Money Than Apple and Alphabet Combined
The state-owned oil company’s books, opened as part of a $10 billion bond offering, reveal that it’s by far the world’s most profitable company. Source: NYT > Business –
DealBook Briefing: Saudi Arabia Wanted Cash. Aramco Just Obliged.
Saudi Arabia’s giant oil company announced yesterday that it had bought 70 percent of the kingdom’s state-controlled petrochemical company for $69 billion. Source: NYT > Business –
Saudi Aramco to Buy $69 Billion Stake in Petrochemical Company
The oil company’s investment in Sabic will infuse money into a Saudi sovereign wealth fund after a planned initial public offering of Aramco faltered. Source: NYT > Business – STANLEY REED and MICHAEL J. de la MERCED