•   
  •   
  •   

Money Saudi Aramco starts trading, gaining 10% and reaching $1.8T

12:15  11 december  2019
12:15  11 december  2019 Source:   msn.com

Report: Orioles 'getting close' to trading Bundy

  Report: Orioles 'getting close' to trading Bundy The Baltimore Orioles are working to trade right-handed starting pitcher Dylan Bundy, according to MLB.com's Mark Feinsand. No deal is imminent, but one appears to be close, Feinsand added. The 27-year-old Bundy threw the most innings among Orioles pitchers last season, logging 161 2/3 across 30 starts. Over the past three campaigns, the fourth overall selection of the 2011 draft has been durable, averaging 30 starts and just north of 167 innings pitched.Since he began to pitch in the bigs on a regular basis in 2016, Bundy has posted a 38-45 record with a 4.67 ERA and a 1.33 WHIP across 614 1/3 innings.He's projected to earn $5.

Shares of Saudi Aramco surged in their trading debut on Wednesday, further solidifying the oil giant’s status as the world’s most valuable company and bringing it closer to achieving the Saudi royal family’s aim of making it a trillion business. The shares rose 10 percent within seconds after their debut on

Aramco ’s Shaybah oil field in Saudi Arabia. Shares of Saudi Aramco surged in their trading debut on Wednesday, further solidifying the oil The shares rose 10 percent within seconds after their debut on the Saudi stock exchange in Riyadh, reaching the largest daily increase permitted by the exchange.

a truck pulling a boat© Provided by The Canadian Press

RIYADH, Saudi Arabia — Saudi Arabia's oil company Aramco began trading for the first time on Wednesday, gaining 10% in its first moments on the market in a dramatic debut that pushed its value to $1.88 trillion, higher than any other listed company in the world.

The state-owned oil giant started trading on the Saudi Tadawul stock exchange after a mammoth $25.6 billion initial public offering that set the record as the biggest ever in history. Trading for Aramco shares began at 10:30 a.m. in Riyadh.

Aramco, owned by the state, has sold a 1.5% stake, pricing its shares before trading at 32 Saudi riyals, or what is $8.53.

Mickelson skipping Waste Management Open to play in Saudi Arabia

  Mickelson skipping Waste Management Open to play in Saudi Arabia Phil Mickelson is opting out of the Waste Management Open in order to play the European Tour's Saudi International tournament. "I watched Dustin (Johnson) win the title last year and thought the course looked like an interesting challenge," Mickelson said in a statement, according to ESPN's Bob Harig. "Having so many talented players on show also made it look like a much more established tournament than one in its inaugural year. I have enjoyed my previous visits to the Middle East and am looking forward to playing in a new country and doing my bit to grow the game in the Kingdom.

Saudi Arabian Oil Co ( Aramco ) raised a record .6 billion in its IPO last week, the culmination of Aramco shares began trading half an hour after the market open as the Saudi bourse allowed extra Aramco chairman Yasir al-Rumayyan and Tadawul's top executives rang the bell to start dealing in

Saudi Arabian Oil Co ( Aramco ) raised a record .6 billion in its IPO last week, giving it a market Saudi Arabia relied on mainly domestic and regional investors to buy Aramco shares after lukewarm Therefore Fusion Media doesn` t bear any responsibility for any trading losses you might incur as a

At a pre-trading auction earlier in the morning, bids for Aramco reached the 10% limit on stock price fluctuation allowed by Tadawul. That pushed the price of Aramco shares to 35.2 riyals, or $9.39 a share,

This makes Aramco more valuable than Microsoft or Apple, two of the top listed companies in the world. It's also worth more than the top five oil companies -- Exxon Mobil, Total, Royal Dutch Shell, Chevron and BP — combined.

Aramco is selling 0.5% of its shares to individual retail investors — most of whom are Saudi nationals — and 1% to institutional investors, most of which are Saudi or Gulf-based funds.

Only Saudi citizens, residents of Saudi Arabia or nationals of Gulf Arab states were permitted to buy Aramco shares as individual investors.

Tiger declines millions, turns down Saudi International for 2nd straight year

  Tiger declines millions, turns down Saudi International for 2nd straight year Tiger Woods declined a lucrative offer to play in the European Tour's Saudi International for the second straight year, according to ESPN's Bob Harig. "I just don't want to go over there," Tiger said. "It's a long way." Woods was offered an appearance fee of roughly $3 million each of the past two years from tournament organizers in Saudi Arabia. That still wasn't enough for the 15-time major winner to participate in the controversial event. However, Woods understands why players like Phil Mickelson and Dustin Johnson would accept offers to make the trip to Saudi Arabia despite the political turmoil surrounding the nation.

You are in: Aramco Global . A first for Saudi Arabia: Partnering with the Arab Thought Foundation, The King Abdulaziz Center for World Culture (Ithra) is hosting the 2019 edition of the Fikr Conference.

Saudi Aramco shares will start trading domestically next Wednesday, the Riyadh stock "The Saudi Stock Exchange (Tadawul) announces that the listing and trading of the Saudi Arabian Oil Aramco shares will trade within a fluctuation limit of plus or minus 10 percent, the statement added.

Saudi Crown Prince Mohammed bin Salman plans to use the money raised from the sale of a sliver of the kingdom's crown jewel to diversify the country's economy and fund major national projects that create jobs for the millions of young Saudis entering the workforce.

What the 34-year-old crown prince had initially sought was a $2 trillion valuation for Aramco and the sale of up to 5% of the company - on an international stock exchange as well as the Saudi market - that could raise $100 billion.

Instead, potential buyers outside Saudi Arabia thought his $2 trillion valuation was too high. With gains made on the local Tadawul and strong local support, the company could reach the $2 trillion mark in trading on the local exchange.

The strong demand for Aramco's stock, however, has so far been mostly supported by Saudi and some Gulf-based funds, rather than international investors.

Saudi Aramco plans $25.6B share sale in biggest ever IPO

  Saudi Aramco plans $25.6B share sale in biggest ever IPO Saudi Aramco plans $25.6B share sale in biggest ever IPOThe company said it will sell its shares at 32 riyals ($8.53) each, putting the overall value of the stake being sold at $25.6 billion. That surpasses IPO record holder Alibaba Group Holding Ltd, the Chinese conglomerate and e-commerce company that raised about $25 billion in 2014.

Saudi Aramco (Arabic: أرامكو السعودية‎ ʾArāmkō al-Saʿūdiyyah), officially the Saudi Arabian Oil Company (formerly Arabian - American Oil Company )

Saudi Arabian Oil Co ( Aramco ) raised a record .6 billion in its IPO last week, giving it a market Aramco shares began trading half an hour after the market open as the Saudi bourse allowed extra If Aramco shares gain 10 % on both Wednesday and Thursday, it will exceed the trillion valuation

To encourage Saudi citizens to buy and keep hold of Aramco stock, the company says it will pay a dividend of at least $75 billion in 2020. Individual Saudi investors who hold their shares for six months from the first day of trading can receive up to 100 bonus shares, or one for every 10 held.

The government also encouraged Saudis by making it easier to access credit for stock purchases. There were reports that the prince, who led a shakedown of top royals and businessmen during an anti-corruption sweep in 2017, also pressed wealthy Saudis to contribute.

The result was that just over 5 million individuals, nearly all of them Saudi nationals out of a population of around 20 million citizens, generated subscriptions of $13 billion.

Institutional investors, many of them Saudi or Gulf-based funds, raised more than $100 billion during the book-building period that closed last week. Less than quarter of that, or 23%, was raised from non-Saudi investors, according to Aramco's lead IPO adviser Samba Capital.

Aramco has exclusive rights to produce and sell the kingdom's energy reserves. It was founded in 1933 with America’s Standard Oil, and became fully owned by Saudi Arabia by 1980.

Aya Batrawy, The Associated Press

Turkey passed up Canada's offer of help with Khashoggi investigation, documents show .
Canada offered to help Turkey investigate the killing of Jamal Khashoggi, but the Turks never took up the proposal, new documents show.Documents from Global Affairs Canada obtained by CBC News under Access to Information law show that in October 2018, then-foreign affairs minister Chrystia Freeland told her Turkish counterpart Canada would be happy to send investigators to help probe the death of the prominent Saudi journalist and dissident.

—   Share news in the SOC. Networks
usr: 0
This is interesting!