by Amruth Sundarkumar | Dec 7, 2021 | Corporates
Saudi Aramco has signed a $15.5bn lease-and-leaseback deal with a consortium led by BlackRock Real Assets and Hassana Investment Co., the asset management arm of Saudi Arabia’s General Organization for Social Insurance (GOSI), under which a newly formed subsidiary,...
by Amruth Sundarkumar | Nov 23, 2021 | Corporates, India
India’s Reliance Industries Ltd (RIL) shelved a proposed deal to sell a 20% stake in its oil refinery and petrochemical business to Saudi Aramco for $15bn. This comes over two years after both companies signed a non-binding letter of intent in August 2019....
by Amruth Sundarkumar | Nov 1, 2021 | Corporates
Saudi Aramco reported a Q3 net income of $30.4bn, up 158% YoY and declared a dividend of $18.8bn to be paid in Q4. The sharp rise in net income was “primarily the result of higher crude oil prices and volumes sold and stronger refining and chemicals...
by Amruth Sundarkumar | Oct 19, 2021 | Corporates, Investment Grade Bonds
A consortium of investors in Saudi Aramco’s oil pipelines are said to be lining up a jumbo dollar bond issuance as soon as this week, as per people familiar with the matter. The consortium, led by EIG Global Energy Partners is looking to raise at least $4.5bn,...
by Amruth Sundarkumar | Oct 12, 2021 | Corporates
Saudi Aramco is seeking to arrange a $12bn -$14bn via bank loans that it plans to offer to its gas pipeline network buyers as per Reuters sources. They note that up to $17bn could be raised from the sale of a considerable minority stake in its gas pipelines. Reuters...
