Saudi Aramco’s bond will probably be in 10 billion range: energy minister

Saudi Aramco will issue the bonds in the second quarter of this year, Saudi Arabia’s energy minister Khalid Al-Falih said. (Reuters)
Updated 13 January 2019
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Saudi Aramco’s bond will probably be in 10 billion range: energy minister

  • Saudi energy minister Khalid Al-Falih did not specify the currency of the planned debt issuance
  • The Saudi oil giant will issue the bonds in the second quarter of this year

ABU DHABI: Saudi Aramco will issue bonds which will probably be in the 10 billion range, Saudi Arabia’s energy minister said on Sunday.
Khalid Al-Falih, speaking at a conference in Abu Dhabi, did not specify the currency of the planned debt issuance but last week he said at an event in Riyadh that the bonds — which would be Aramco’s debut in the international debt markets — are likely to be denominated in US dollars.
The Saudi oil giant will issue the bonds in the second quarter of this year, he said last week.


Saudi Arabia, China sign $28 billion worth of economic accords

Updated 22 February 2019
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Saudi Arabia, China sign $28 billion worth of economic accords

  • A total 35 agreements had been signed at a joint investment forum held by Saudi Arabia’s investment agency SAGIA

DUBAI: Saudi Arabia and China signed economic cooperation agreements worth a total of $28 billion at a joint investment forum during a visit by Saudi Crown Prince Mohammed bin Salman to Beijing, Saudi state news agency SPA said on Friday.
It said 35 agreements had been signed at the forum, held by Saudi Arabia’s investment agency SAGIA. It also said four licenses for Chinese companies had been awarded at the forum.

The forum, which coincided with the official visit of Crown Prince Mohammed bin Salman China as part of his Asian tour, aimed at enhancing opportunities for joint cooperation between the two countries in various fields.

Other cooperation agreements signed during the forum included areas of the Kingdom's target sectors such as renewable energy aimed at activating cooperation and consultation frameworks in the field of investment development in wind turbines by manufacturing Electric control devices, wind turbine structures, turbine blades and wind generators with an investment of $ 18 million.

The agreement aims to open up to 800 new job opportunities in one of the most targeted sectors of sustainable development.