This led to the drawing up of a Plan B that called for Aramco to focus instead on purchasing the PIF's controlling stake in petrochemical heavyweight Saudi Basic Industries Corp. (Sabic).Amena BakrOil Daily
like aninitial public offering(IPO) or secondary offering, increasing its market cap. On the other hand, share buybacks reduce the number of outstanding shares, potentially increasing the stock price and affecting market cap in complex ways. In...
Ironically, as part of its Westernisation process ahead of the Aramco IPO and inclusion in the MSCI indices, the Saudi Capital Markets Authority introduced this facility to short sell in 2017. “Once these bank bids [buying orders from the book-runner banks employed by Saudi to prop up ...
Saudi fund invests in China effort to create rival to OpenAI; Aramco’s Prosperity7 takes part in investment round for start-up Zhipu AI Eleanor Olcott – Financial Times A Saudi Arabian fund has backed China’s most prominent generative artifi...
The traders said liquidity - meaning how easy it is to buy or sell a bond - is worse now in gilts than in other big government bond markets, while investors remain reluctant to take new positions on the direction of rates. The difference between the price a seller ...