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

SAUDI ARABIAN OIL COMPANY

(2222)
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Saudi Aramco Hires Banks for Multi-Tranche Bond Deal

11/16/2020 | 05:26am EST

By Lorena Ruibal

Saudi Aramco has hired a group of banks to test investor appetite for a planned multi-tranche U.S. dollar-denominated bond deal, as the world's largest oil company seeks to raise cash amid lower oil prices, according to a bank involved in the deal.

A series of calls to fixed-income investors will be taking place Monday, ahead of the planned sale of a benchmark multi-trache U.S. dollar-denominated bond transaction, including bonds maturing in three, five, 10 and 30 and/or 50 years, subject to market conditions.

Benchmark bonds are generally at least $500 million per tranche, and the notes are expected to be rated A1 by Moody's and A by Fitch.

The announcement comes almost two weeks after the oil giant reported a sharp drop in profits driven by lower crude prices.

Saudi Aramco last tapped the international debt market in April last year, raising $12 billion in its first market debut after attracting record high demand. Investors placed orders worth over $100 billion.

Goldman Sachs, Citi, HSBC, JPMorgan, Morgan Stanley and NCB Capital were hired to arrange investor calls starting on Monday ahead of the planned transaction, according to a deal note.

Other banks involved in the transaction include BNP Paribas, BOC International, BofA Securities, Credit Agricole, First Abu Dhabi Bank, Mizuho, MUFG, SMBC Nikko and Societe Generale, the deal note said.

Write to Lorena Ruibal at lorena.ruibal@wsj.com

(END) Dow Jones Newswires

11-16-20 0525ET

Stocks mentioned in the article
ChangeLast1st jan.
HSBC HOLDINGS PLC -1.51% 407.35 Delayed Quote.7.52%
JPMORGAN CHASE & CO. -0.77% 133.79 Delayed Quote.6.11%
LONDON BRENT OIL -1.92% 55.07 Delayed Quote.7.68%
MORGAN STANLEY -0.76% 74.13 Delayed Quote.8.17%
SAUDI ARABIAN OIL COMPANY 0.00% 34.8 End-of-day quote.-0.57%
THE GOLDMAN SACHS GROUP, INC. 0.01% 289.39 Delayed Quote.9.73%
WTI -1.77% 52.063 Delayed Quote.9.87%
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Financials
Sales 2020 819 B 218 B 218 B
Net income 2020 203 B 54 200 M 54 200 M
Net Debt 2020 317 B 84 514 M 84 514 M
P/E ratio 2020 33,5x
Yield 2020 3,96%
Capitalization 6 956 B 1 854 B 1 855 B
EV / Sales 2020 8,88x
EV / Sales 2021 6,64x
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
TrendsBearishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 17
Average target price 32,56 SAR
Last Close Price 34,80 SAR
Spread / Highest target 12,1%
Spread / Average Target -6,44%
Spread / Lowest Target -31,0%
EPS Revisions
Managers and Directors
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
Sector and Competitors
1st jan.Capitalization (M$)
SAUDI ARABIAN OIL COMPANY-0.57%1 854 023
ROYAL DUTCH SHELL PLC10.09%151 085
TOTAL SE2.61%116 448
PETROCHINA COMPANY LIMITED5.42%113 685
GAZPROM1.01%69 968
PETRÓLEO BRASILEIRO S.A. - PETROBRAS-4.41%67 412