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MarketScreener Homepage  >  Equities  >  Saudi Arabian Stock Exchange  >  Saudi Arabian Oil Company    2222   SA14TG012N13

SAUDI ARABIAN OIL COMPANY

(2222)
  Report
End-of-day quote. End-of-day quote Saudi Arabian Stock Exchange - 11/26
35.9 SAR   +0.56%
11/24SUPPLIES UNAFFECTED BY HOUTHI ATTACK : Saudi Aramco
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11/24Saudi Aramco says domestic supplies unaffected by attack on Jeddah plant
RE
11/24Saudi tells U.N. that Houthis to blame for Aramco attack
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Ant's mega IPO draws interest from Singapore investor Temasek - sources

09/11/2020 | 04:07am EST

SINGAPORE/HONG KONG, Sept 11 (Reuters) - Singapore state investor Temasek Holdings is considering an investment in the initial public offering (IPO) of Chinese financial technology company Ant Group, which could be the world's biggest IPO, two people familiar with the matter said.

Singapore sovereign wealth fund GIC Pte Ltd is also considering investing in the IPO, said one of the people.

Temasek, GIC and Ant declined to comment.

Ant, backed by Alibaba Group Holding , plans to list simultaneously in Hong Kong and on Shanghai's Nasdaq-style STAR Market and raise as much as $30 billion, Reuters has reported.

That would make it the world's biggest IPO since Saudi Aramco raised $29.4 billion last December, which surpassed the record set by Alibaba in 2014.

Temasek and GIC are the first major Asian investors to be linked to Ant's IPO.

The potential investments by two of the world's biggest state investors underscore that Ant's mammoth IPO is gaining traction. Temasek and GIC also participated in Ant's $14 billion funding round in 2018.

The sources declined to be identified as news of Temasek and GIC's potential investment has not been reported.

Temasek is mulling investing in both the onshore and offshore legs of the dual listing, which could come as soon as October, said the second source.

The state investor is awaiting more details of Ant's IPO before finalising its investment proposal, said the first person.

Temasek's portfolio exposure to China, as measured by underlying assets, increased to a record 29% in the year ending March, from 26% a year earlier, while exposure to Singapore fell to 24% from 26%.

Ant, China's dominant mobile payments firm, plans to raise more funds on STAR than in Hong Kong, in a major endorsement of the year-old mainland exchange, Reuters has reported. It will seek listing approval from the Shanghai stock exchange on Sep. 18.

On Thursday, Reuters reported that Saudi Arabia's sovereign fund PIF, is weighing a potential investment in Ant's IPO. (Reporting by Anshuman Daga in Singapore and Julie Zhu in Hong Kong; Editing by Sumeet Chatterjee and Christian Schmollinger)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
ALIBABA GROUP HOLDING LIMITED -0.80% 277.72 Delayed Quote.30.94%
SAUDI ARABIAN OIL COMPANY 0.56% 35.9 End-of-day quote.1.84%
SHANGHAI A INDEX 1.15% 3572.443 Real-time Quote.10.51%
SHANGHAI STOCK EXCHANGE B SHARES INDEX -0.53% 244.676 Real-time Quote.-4.22%
WTI 0.13% 45.065 Delayed Quote.-26.98%
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Financials
Sales 2020 816 B 218 B 218 B
Net income 2020 203 B 54 077 M 54 077 M
Net Debt 2020 316 B 84 377 M 84 377 M
P/E ratio 2020 36,0x
Yield 2020 3,84%
Capitalization 7 176 B 1 913 B 1 913 B
EV / Sales 2020 9,18x
EV / Sales 2021 6,93x
Nbr of Employees 79 000
Free-Float 1,76%
Chart SAUDI ARABIAN OIL COMPANY
Duration : Period :
Saudi Arabian Oil Company Technical Analysis Chart | 2222 | SA14TG012N13 | MarketScreener
Technical analysis trends SAUDI ARABIAN OIL COMPANY
Short TermMid-TermLong Term
TrendsBullishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 16
Average target price 32,47 SAR
Last Close Price 35,90 SAR
Spread / Highest target 8,64%
Spread / Average Target -9,56%
Spread / Lowest Target -33,1%
EPS Revisions
Managers
NameTitle
Amin bin Hasan Al-Nasser President, CEO & Executive Director
Yasir bin Othman Al-Rumayyan Chairman
Khalid H. Al-Dabbagh Senior VP-Finance, Strategy & Development
Ahmad Abdul Rahman Al-Sa'adi Senior Vice President-Technical Services
Mark Moody-Stuart Independent Non-Executive Director
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