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    2222   SA14TG012N13

SAUDI ARABIAN OIL COMPANY

(2222)
  Report
End-of-day quote. End-of-day quote Saudi Arabian Stock Exchange - 09/16
35.15 SAR   0.00%
09/17VC DAILY : Question: What's Top of Mind for VCs as -2-
DJ
09/16SAUDI ARABIAN OIL : Guyana grants Saudi Aramco unit one-year contract to market crude
RE
09/14DMEA : Saudis in South Sudan supply talks
AQ
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SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Saudi Arabian Oil : Aramco announces Corporate Development organization

08/24/2020 | 09:50am EDT

The Saudi Arabian Oil Company ('Aramco' or 'the Company') today announced the establishment of an integrated Corporate Development organization to optimize the Company's portfolio.

Corporate Development is mandated to create value, assess existing assets and secure greater access to growth markets and technologies through portfolio optimization and strategic alignment.

The organization will support rapid and effective decision-making on the Company's portfolio and corporate development activities, with the goal of strengthening the Company's resilience, agility and ability to respond to changing market dynamics.

The organization will be led by Senior Vice President Abdulaziz M. Al-Gudaimi, reporting directly to the President & CEO, and will become operational starting September 13, 2020.

We continue to leverage our capabilities in assessing our existing portfolio, identifying new opportunities and adapting to a rapidly evolving global landscape. The Corporate Development organization will focus on growth opportunities as we further sharpen and strengthen our strategic focus to optimize our portfolio and, in doing so, maximize value for our shareholders. It will also enhance our abilities to harness robust processes to efficiently and effectively execute our business development strategy, as well as increase our agility and ability to adapt to changing market dynamics.

Amin H. Nasser, President & CEO

This constitutes a refinement of Aramco's existing corporate development model and does not represent a fundamental organizational change, and will support the Company's efforts to identify the best opportunities and successfully grow and optimize its business.

Contact:

Email: domestic.media@aramco.com

(C) 2020 Electronic News Publishing, source ENP Newswire

All news about SAUDI ARABIAN OIL COMPANY
09/17VC DAILY : Question: What's Top of Mind for VCs as -2-
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Analyst Recommendations on SAUDI ARABIAN OIL COMPANY
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Financials
Sales 2021 1 352 B 361 B 361 B
Net income 2021 367 B 97 943 M 97 943 M
Net Debt 2021 245 B 65 250 M 65 250 M
P/E ratio 2021 19,2x
Yield 2021 4,02%
Capitalization 7 026 B 1 874 B 1 874 B
EV / Sales 2021 5,38x
EV / Sales 2022 4,94x
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
TrendsNeutralBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 17
Last Close Price 35,15 SAR
Average target price 35,21 SAR
Spread / Average Target 0,17%
EPS Revisions
Managers and Directors
Amin bin Hasan Al-Nasser President, CEO & Executive Director
Khalid Hashim Al-Dabbagh Director, SVP-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.Capi. (M$)
SAUDI ARABIAN OIL COMPANY0.43%1 873 868
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PUBLIC JOINT STOCK COMPANY GAZPROM57.76%108 961
EQUINOR ASA39.15%75 538