Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Saudi Arabia
  4. Saudi Arabian Stock Exchange
  5. Saudi Arabian Oil Company
  6. News
  7. Summary
    2222   SA14TG012N13

SAUDI ARABIAN OIL COMPANY

(2222)
  Report
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Saudi Arabian Oil : Aramco raises $6 billion through the world's largest US-dollar corporate Sukuk

06/17/2021 | 09:34am EDT

The Saudi Arabian Oil Company ('Aramco') today announced it has successfully raised $6 billion, following the sale of US dollar-denominated Shariah-compliant securities to leading institutional investors.

The issuance comprised three tranches of senior unsecured Sukuk trust certificates issued under Aramco's newly established International Sukuk Program, with the funds raised allocated for general corporate purposes.

The three tranches included:

  • $1,000,000,000 maturing in 2024, carrying a profit rate of 0.946%;
  • $2,000,000,000 maturing in 2026, carrying a profit rate of 1.602%;
  • $3,000,000,000 maturing in 2031, carrying a profit rate of 2.694%.

Aramco President & CEO, Amin H. Nasser, said: 'We are very pleased with the global investment community's response to Aramco's first international dollar Sukuk, which attracted demand 20 times the initial targeted issuance size. The outcome demonstrates further evidence of Aramco's unique value proposition, which is underwritten by its operational and financial resilience. This is of course made possible by our employees, who continue to make a difference by safely and reliably delivering energy to the world.'

Khalid Al-Dabbagh, Aramco Senior Vice President of Finance, Strategy and Development, said: 'We are delighted with the strong reception for our inaugural international Sukuk offering that led to the largest order book ever recorded globally for a dollar-denominated Sukuk transaction, with orders exceeding $60 billion. The success of the transaction is a strong endorsement from the global investment community of our leading position in the industry, and our ability to deliver on our long-term business strategy. The issuance attracted more than 100 new investors across the globe.'

The transaction settled on June 17, 2021 with the Sukuk admitted to the official list of the United Kingdom Financial Conduct Authority, for trading on the London Stock Exchange's main market.

Disclaimer

Saudi Aramco - Saudi Arabian Oil Company published this content on 17 June 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 June 2021 13:33:08 UTC.


ę Publicnow 2021
All news about SAUDI ARABIAN OIL COMPANY
09/24SAUDI ARABIAN OIL : U.S. pension fund to vote against Aramco chair for Reliance board - Bl..
RE
09/23ARABIAN SUN : Number 36
PU
09/21SAIPEM S P A : Signs MOU With Saudi Aramco For Creation Of New Company
MT
09/20SAUDI ARABIAN OIL : McDermott and Saudi Aramco Sign MoU for Feasibility Study of In-Kingdo..
AQ
09/20EXXON MOBIL : Saudi Aramco Unit Expects Positively Impact Of Exxon Mobil JV On Financial R..
MT
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
09/15ARABIAN SUN : Number 35
PU
09/14DMEA : Saudis in South Sudan supply talks
AQ
09/14MEOG : Kuwait to expand drilling
AQ
More news
Analyst Recommendations on SAUDI ARABIAN OIL COMPANY
More recommendations
Financials
Sales 2021 1 352 B 360 B 360 B
Net income 2021 367 B 97 905 M 97 905 M
Net Debt 2021 245 B 65 224 M 65 224 M
P/E ratio 2021 19,0x
Yield 2021 4,04%
Capitalization 6 986 B 1 862 B 1 863 B
EV / Sales 2021 5,35x
EV / Sales 2022 4,91x
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 34,95 SAR
Average target price 35,21 SAR
Spread / Average Target 0,75%
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 COMPANY-0.14%1 862 312
ROYAL DUTCH SHELL PLC23.11%162 124
PETROCHINA COMPANY LIMITED58.33%159 802
TOTALENERGIES SE12.45%122 722
PUBLIC JOINT STOCK COMPANY GAZPROM61.96%111 774
ROSNEFT OIL COMPANY47.20%78 867