Expert Chaslau Koniukh
  • Companies
  • Global investment
  • Investors
  • Terminology
  • Economy
  • Stock Market
  • World exchanges
  • Tech and Marketing
Saudi Aramco
World exchanges

Saudi Aramco goes on the stock exchange

22.09.2020
2 min read

Saudi Aramco: how the presentation of shares on the stock exchange will affect the value of oil

There are fluctuations in oil prices on the stock market. If at the beginning of the month they were growing rapidly, now they are beginning to decline. One of the factors in this picture, experts say, is that Saudi Aramco decided to go public. According to some sources, the world’s largest oil producing corporation will start selling its shares later this year.
Saudi Aramco is the industry’s giant, with the largest reserves and production volumes. In terms of profit, the company surpassed even such market leaders as Apple and Amazon. Logically, the cost of the Saudi enterprise will be huge.
At the end of last week the price of oil fell for almost all brands. Brent fell by 1.5% and now the barrel of rough costs $61. In general, in the first seven days of November, rough quotes increased by about 5%. If at the end of October the barrel cost $59, by the 7th of November its amount was $62-63.
This rise can well be explained by the reaction of investors to the statement of Saudi Arabia, because Aramco shares are a tidbit for all players.
There is already an official statement from the management of the corporation about the IPO plans. Accommodation will be provided on the Saudi Arabia Tadawul trading platform. According to some reports, it will be possible to buy Aramco shares already on December 11.

Saudi Aramco

After the information about the initial placement, oil quotations went up. Investors have been waiting for this step from the auditors for a long time, as the prerequisites for Aramco IPO were observed back in 2017, but then the procedure for listing was suspended due to economic problems and geopolitical instability in the country.
It is expected that Saudi Aramco will become the largest stock exchange in the history of the world stock market. According to the kingdom’s initial plans, 5% of the corporation’s securities will be put on the market, with the sale of which about $100 billion will be received. But experts admit that the number of shares may be smaller, now they are talking about 2%. The final figure will be known only after the investors’ application procedure.
Saudi Aramco’s IPO strategy appeared back in 2016, when the country’s leadership presented the Vision 2030 reform program. Its essence is to transform economic processes in order to reduce dependence on oil supplies. The implementation of the plans involves large financial injections into the budget, part of which the government intends to get from the sale of shares of the national oil producing corporation. There is no doubt that many investors will want to buy securities of the industry giant.

Tags: World exchanges
0
Previous Post Bank of Morgan Stanley: the world economy has reached a new stage of development Next Post Xiaomi Corporation invested $400 million in Xpeng Motors

You Might Also Like

Nasdaq Digital Asset
World exchanges
The New York Stock Exchange has launched the Nasdaq Digital Asset Team
26.11.2022
issuing shares LSE
World exchanges
Companies prefer to issue shares outside the London Stock Exchange
18.07.2024
London Stock Exchange cloud services
World exchanges
London Stock Exchange plans to introduce cloud services from Microsoft
02.03.2023
Ithaca Energy plans IPO
World exchanges
Ithaca Energy plans to enter the London Stock Exchange
13.01.2023
biotechnology index
World exchanges
NASDAQ Biotechnology Index reaches 3-year high
06.10.2024
IPO in China
World exchanges
Tech giants prepare for IPO in China
16.07.2023

Popular Posts

  • Analysts: Egypt’s economy to continue falling in 2023
  • Businessman Chuck Feeney: the man who gave the world Duty Free
  • Field of activity of the American Monsanto Company Corporation
  • Spain’s economy performs best in the EU

Editor's Picks

Chaslau Koniukh
Analytics

American bankers from JPMorgan and Goldman Sachs advise to invest in gold: review by Chaslau Koniukh.

Spokesperson
17.08.2020
Expert Chaslau Koniukh
Analytics

Chaslau Koniukh on the analysts’ opinion on the key stake size change soon

Spokesperson
18.06.2020
expert Chaslau Koniukh
Analytics

Chaslau Koniukh: Internet trade market in Russia may reach 2.78 trillion rubles.

Spokesperson
30.05.2020
Will the U.S. oil shale industry be able to quickly recover from the crisis: A Review by Chaslau Koniukh
Analytics

Will the U.S. oil shale industry be able to quickly recover from the crisis: A Review by Chaslau Koniukh

Spokesperson
16.05.2020

Popular Posts

  • Analysts: Egypt’s economy to continue falling in 2023
  • Businessman Chuck Feeney: the man who gave the world Duty Free
  • Field of activity of the American Monsanto Company Corporation
  • Spain’s economy performs best in the EU
  • Li Ka Shing: How can success be achieved without money and education?
Expert Chaslau Koniukh
  • Facebook
  • Twitter
  • Instagram

© 2024 CHASLAU KONIUKH. ALL RIGHTS RESERVED. Expert in marketing and project management, international investments, financial analyst.

Menu

  • Biography
  • Companies and corporations
  • Global investment
  • Investors and Entrepreneurs
  • Economy
  • Market terminology
  • Stock Market
  • World exchanges
  • Tech and Marketing
  • Analytics