2021-06-22 11:55:00
ARAMCO RAISES $6 BLN
ARAMCO - DHAHRAN, June 17, 2021 - 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.
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Earlier:
2021, May, 5, 16:10:00
SAUDI ARAMCO NET INCOME $21.7 BLN
Net income for the first quarter of 2021 increased to SAR 81,440 ($21,717), from SAR 62,478 ($16,661) for the same period in 2020, primarily driven by higher crude oil prices, improved downstream margins and the consolidation of SABIC’s results, partly offset by lower crude oil volumes sold.
2021, April, 12, 09:35:00
SAUDI ARAMCO INVESTMENT $12.4 BLN
Upon closing, Aramco will receive upfront proceeds of around $12.4 billion, further strengthening its balance sheet through one of the largest energy infrastructure deals globally.
2021, April, 9, 11:05:00
SAUDI'S RENEWABLE INVESTMENT $16 BLN
The Kingdom wants to increase the generation capacity of renewable energy sources to about 58.7 gigawatts by 2030, of which 40 gigawatts (GW) would be from solar and 16GW from wind energy and the balance coming from other renewable energy sources,
2021, March, 22, 09:15:00
SAUDI ARAMCO NET INCOME $49 BLN
Aramco achieved a net income of $49 billion in 2020, one of the highest earnings of any public company globally.
2021, March, 22, 09:10:00
SAUDI ARAMCO INVESTMENT DOWN TO $35 BLN
Aramco lowered its guidance for capital expenditure in 2021 to around $35 billion from a range of $40 billion to $45 billion previously
