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First Saudi royal energy minister faces the OPEC test

Location:

SAUDI ARABIA

The king’s son was appointed energy minister on September 8, just one week before Iranian attacks on two key oil facilities at Abqaiq and Khurais, which temporarily halved Saudi…

Investors will greet Saudi IPOs -- and look to Aramco

Location:

SAUDI ARABIA

Investor appetite for Saudi equities has been demonstrated in the huge over-subscription in the IPO of 20% of an internet affiliate of Saudi Telecom Company, which raised almost…

Successful Aramco sale may squeeze Saudi finances

Location:

SAUDI ARABIA

The initial public offering (IPO) of a 1.5% stake in Saudi Aramco on December 6 reached the top end of the recommended price range, giving the company a relatively high valuation…