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    2222   SA14TG012N13

SAUDI ARABIAN OIL COMPANY

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

06/18/2021 | 09:48am EDT

DHAHRAN - 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.'

Contact:

Email: international.media@aramco.com

(C) 2021 Electronic News Publishing, source ENP Newswire

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Financials
Sales 2021 1 321 B 352 B 352 B
Net income 2021 361 B 96 249 M 96 249 M
Net Debt 2021 298 B 79 533 M 79 533 M
P/E ratio 2021 20,1x
Yield 2021 4,05%
Capitalization 6 986 B 1 862 B 1 863 B
EV / Sales 2021 5,51x
EV / Sales 2022 5,25x
Nbr of Employees 79 000
Free-Float 1,76%
Chart SAUDI ARABIAN OIL COMPANY
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Saudi Arabian Oil Company Technical Analysis Chart | 2222 | SA14TG012N13 | MarketScreener
Technical analysis trends SAUDI ARABIAN OIL COMPANY
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 17
Last Close Price 34,95 SAR
Average target price 35,20 SAR
Spread / Average Target 0,73%
EPS Revisions
Managers and Directors
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
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