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    2222   SA14TG012N13

SAUDI ARABIAN OIL COMPANY

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S.Arabia's STC hires banks for IPO of subsidiary -sources

10/25/2020 | 05:05am EDT

DUBAI, Oct 25 (Reuters) - Saudi Telecom Co (STC) has hired banks to arrange a potential initial sale of shares in its product and services development arm, Solutions by STC, three sources familiar with the matter told Reuters.

STC, Saudi Arabia's largest telecoms operator, has appointed HSBC, Morgan Stanley and the investment banking arm of Saudi lender National Commercial Bank to advise on the sale, according to the sources, who declined to be identified as the matter is not public.

STC and NCB Capital did not immediately respond to requests for comment when contacted by Reuters on Sunday. HSBC and Morgan Stanley declined to comment.

Solutions by STC's valuation could be around 9 billion riyals , if it garners 18-20 times its earnings multiples, a source told Reuters last month.

The IPO size could be around $500 million if the company sells 20%, Reuters reported on Sept. 15.

Saudi Arabia has seen a flurry of public offerings this year as companies tap into Saudi demand for shares since oil giant Aramco's record IPO last year.

The country, the world's No. 1 oil exporter, is encouraging more companies to list in a bid to deepen its capital markets under reforms aimed at reducing its reliance on crude. (Reporting by Hadeel Al Sayegh and Saeed Azhar; Editing by Catherine Evans/Mark Heinrich/Susan Fenton)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
HSBC HOLDINGS PLC -0.66% 426.55 Delayed Quote.12.59%
LONDON BRENT OIL 0.44% 75.13 Delayed Quote.41.20%
MORGAN STANLEY 2.20% 85.94 Delayed Quote.25.40%
SAUDI ARABIAN OIL COMPANY -0.14% 35.25 End-of-day quote.0.71%
SAUDI TELECOM COMPANY -1.36% 130.4 End-of-day quote.23.02%
THE SAUDI NATIONAL BANK 0.55% 54.6 End-of-day quote.25.95%
WTI 0.26% 73.202 Delayed Quote.48.21%
All news about SAUDI ARABIAN OIL COMPANY
06/21SAUDI ARABIAN OIL  : Aramco Confirms Minority Oil Pipeline Business Stake Sale T..
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06/20SAUDI ARABIAN OIL  : Aramco Completes $12.4 Billion Sale of 49% Oil Pipeline Bus..
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06/18SAUDI ARABIAN OIL  : EIG-led consortium closes $12.4 billion Aramco pipelines de..
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06/18SAUDI ARABIAN OIL  : Aramco closes $12.4 billion infrastructure deal with global..
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06/18SAUDI ARABIAN OIL  : Aramco raises $6 billion through the world's largest US-dol..
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06/17SAUDI ARABIAN OIL  : Aramco raises $6 billion through the world's largest US-dol..
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06/15MEOG : Aramco deal and TAQA interest
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06/14South Korea refiner Hyundai Oilbank seeks listing in 2022 - parent
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06/11Energy Shares Fall Even as Oil Prices Finish Higher -- Energy Roundup
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06/11Saudi Aramco raises $6 billion with debut sukuk
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More news
Financials
Sales 2021 1 307 B 349 B 349 B
Net income 2021 352 B 93 988 M 93 988 M
Net Debt 2021 303 B 80 886 M 80 886 M
P/E ratio 2021 20,0x
Yield 2021 4,01%
Capitalization 7 056 B 1 881 B 1 882 B
EV / Sales 2021 5,63x
EV / Sales 2022 5,33x
Nbr of Employees 79 000
Free-Float 1,76%
Chart SAUDI ARABIAN OIL COMPANY
Duration : Period :
Saudi Arabian Oil Company Technical Analysis Chart | 2222 | SA14TG012N13 | MarketScreener
Technical analysis trends SAUDI ARABIAN OIL COMPANY
Short TermMid-TermLong Term
TrendsBearishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 17
Average target price 34,65 SAR
Last Close Price 35,30 SAR
Spread / Highest target 13,3%
Spread / Average Target -1,83%
Spread / Lowest Target -32,0%
EPS Revisions
Managers and Directors
NameTitle
Amin bin Hasan Al-Nasser President, CEO & Executive Director
Khalid Hashim Al-Dabbagh Senior VP-Finance, Strategy & Development
Yasir bin Othman Al-Rumayyan Chairman
Ahmad Abdul Rahman Al-Sa'adi Senior Vice President-Technical Services
Ziad Thamer Al-Murshed Vice President-International Operations
Sector and Competitors
1st jan.Capitalization (M$)
SAUDI ARABIAN OIL COMPANY0.71%1 881 463
ROYAL DUTCH SHELL PLC14.93%150 030
PETROCHINA COMPANY LIMITED49.17%138 954
TOTALENERGIES SE13.20%123 253
GAZPROM28.59%88 167
PETRÓLEO BRASILEIRO S.A. - PETROBRAS-0.07%73 789