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Keywords: 13347Z; ARAMCO@AB; ALLTOP; BUSINESS; CMD; COS; EXE; GEN; GOV; INDUSTRIES; IRAQ; MARKETS; MIDEAST; NORTHAM; NRG; OIL; SAUDI; STK; US; WORLD; WWTOP EN 13347Z ARAMCO@AB ALLTOP BUSINESS CMD COS EXE GEN GOV INDUSTRIES IRAQ MARKETS MIDEAST NORTHAM NRG OIL SAUDI STK US WORLD WWTOP Saudi Arabia's crown prince said the kingdom is in talks to sell a 1% stake in state oil giant Saudi Aramco to a "leading global energy company" as he forecast an economic rebound after the coronavirus pandemic. Prince Mohammed said the government, which still controls more than 98% of Aramco's stock, may sell more shares on the Saudi stock exchange, without giving a timeframe. [Extracted from the article]

Keywords: 13347Z; ARAMCO@AB; ALLTOP; BUSINESS; CMD; COS; EXE; GEN; GOV; INDUSTRIES; IRAQ; MARKETS; MIDEAST; NORTHAM; NRG; OIL; SAUDI; STK; US; WORLD; WWTOP EN 13347Z ARAMCO@AB ALLTOP BUSINESS CMD COS EXE GEN GOV INDUSTRIES IRAQ MARKETS MIDEAST NORTHAM NRG OIL SAUDI STK US WORLD WWTOP Saudi Arabia's crown prince said the kingdom is in talks to sell a 1% stake in state oil giant Saudi Aramco to a "leading global energy company" as he forecast an economic rebound after the coronavirus pandemic. Asked about the kingdom's regional rival, Iran, the crown prince softened his tone from previous statements, saying that Saudi Arabia was working to solve its differences with the Islamic Republic. [Extracted from the article]

The kingdom is looking at the potential sale -- which could be worth about $19 billion, based on the company's market value -- as a way to lock in customer demand for the country's crude, Crown Prince Mohammed Bin Salman said in a rare interview on a Saudi television channel late Tuesday. Keywords: 13347Z; ARAMCO@AB; ALLTOP; BUSINESS; CMD; COS; EXE; GEN; GOV; IRAQ; MARKETS; MIDEAST; NORTHAM; NRG; OIL; SAUDI; STK; US; WORLD; WWTOP EN 13347Z ARAMCO@AB ALLTOP BUSINESS CMD COS EXE GEN GOV IRAQ MARKETS MIDEAST NORTHAM NRG OIL SAUDI STK US WORLD WWTOP Saudi Arabia's crown prince said the kingdom is in talks to sell a 1% stake in state oil giant Saudi Aramco to a "leading global energy company" as he forecast an economic rebound after the coronavirus pandemic. [Extracted from the article]

Keywords: 13347Z; ARAMCO@AB; ALLTOP; BUSINESS; CMD; CMDTOP; COS; EXE; GEN; GOV; GOVTOP; IRAQ; MARKETS; MIDEAST; NORTHAM; NRG; NRGTOP; OIL; OILTOP; SAUDI; STK; TOP; US; WORLD; WWTOP; WWTOPAM; WWTOPEU EN 13347Z ARAMCO@AB ALLTOP BUSINESS CMD CMDTOP COS EXE GEN GOV GOVTOP IRAQ MARKETS MIDEAST NORTHAM NRG NRGTOP OIL OILTOP SAUDI STK TOP US WORLD WWTOP WWTOPAM WWTOPEU Saudi Arabia's crown prince said the kingdom is in talks to sell a 1% stake in state oil giant Saudi Aramco to a "leading global energy company" as he forecast an economic rebound after the coronavirus pandemic. Aramco has separately started a strategic review of its upstream oil and gas assets that could see the firm opening them up to foreign investors. [Extracted from the article]

Keywords: 1922409DAB; 3344642ZAB; ACWA@AB; BINDAWOOAB; STC@AB; SULAIMANAB; ALLTOP; BUSINESS; COS; FIN; GLOBALMACR; INDUSTRIES; MARKETS; MIDEAST; SAUDI; STK; STKTOP; TOP; WORLD EN 1922409DAB 3344642ZAB ACWA@AB BINDAWOOAB STC@AB SULAIMANAB ALLTOP BUSINESS COS FIN GLOBALMACR INDUSTRIES MARKETS MIDEAST SAUDI STK STKTOP TOP WORLD Almunajem Foods Co., one of Saudi Arabia's largest private food companies, has demand for all the shares for sale in its initial public offering that's seeking to raise as much as $288 million, according to people familiar with the matter. Within hours of opening the order book, the IPO had enough investor demand to cover all the shares on offer throughout the price range, the people said, declining to be named as the information is private. [Extracted from the article]

1922409DAB, 3344642ZAB, ACWA@AB, BINDAWOOAB, STC@AB, SULAIMANAB, ALLTOP, BUSINESS, COS, FIN, INDUSTRIES, MARKETS, MIDEAST, MKTTOP, STK, STKTOP, TOP, WORLD, SAUDI Keywords: 1922409DAB; 3344642ZAB; ACWA@AB; BINDAWOOAB; STC@AB; SULAIMANAB; ALLTOP; BUSINESS; COS; FIN; INDUSTRIES; MARKETS; MIDEAST; MKTTOP; SAUDI; STK; STKTOP; TOP; WORLD EN 1922409DAB 3344642ZAB ACWA@AB BINDAWOOAB STC@AB SULAIMANAB ALLTOP BUSINESS COS FIN INDUSTRIES MARKETS MIDEAST MKTTOP SAUDI STK STKTOP TOP WORLD Almunajem Foods Co., one of Saudi Arabia's largest private food companies, is seeking to raise as much as $288 million from an IPO as more family-owned businesses list in the kingdom. [Extracted from the article]

"We are not targeting any of the existing carriers, legacy carriers or low-cost carriers in Saudi Arabia", Chief Executive Officer Jozsef Varadi said in an interview. (Bloomberg) -- Hungarian discount airline Wizz Air Holdings Plc will start direct flights on 20 routes between Saudi Arabia and several European cities starting in December, the carrier said at a press conference in Riyadh on Thursday. [Extracted from the article]

Aramco followed big oil rivals reporting a surge in profits. (Bloomberg) -- Saudi Aramco posted the biggest quarterly adjusted profit of any listed company globally driven by high crude prices and production. [Extracted from the article]

Aramco "expects oil demand to continue to grow for the rest of the decade", Chief Executive Officer Amin Nasser said in a statement. (Bloomberg) -- Saudi Aramco reported a 90% increase in quarterly earnings, following big oil rivals with a surge in profits, driven by higher crude prices and production. [Extracted from the article]

Aramco followed big oil rivals reporting a surge in profits. (Bloomberg) -- Saudi Aramco posted the biggest quarterly adjusted profit of any listed company globally driven by high crude prices and production. [Extracted from the article]

Chemicals behemoth Saudi Basic Industries Corp. reported a 3.8% increase in quarterly earnings, but warned profit margins will remain "under pressure" as costs climb. Sabic, as the Saudi Arabian company is known, said net income rose to 7.93 billion riyals ($2.1 billion) in the second quarter from 7.64 billion riyals a year earlier. [Extracted from the article]

Chemicals giant Saudi Basic Industries Corp. reported a 3.8% increase in quarterly earnings, but warned profit margins will remain "under pressure." Yet a supply-chain squeeze has pushed up costs for producers. Prices of products such as polyethylene and polyvinyl chloride -- used to make everything from plastics to building materials -- have jumped as economies recover from the pandemic, boosting demand. [Extracted from the article]

(Bloomberg) -- Oman recorded a budget surplus of 784 million rials ($2 billion) in the first half, driven by higher sales for oil and natural gas. Oman has implemented a series of reforms to balance its budget and lower its debt, including the introduction of value-added tax last year. [Extracted from the article]

Other women in leadershippositions in the kingdom include Sarah Al Suhaimi,chairwoman of Saudi Arabia's stock exchange, and RaniaNashar, compliance and governance chief at the PublicInvestment Fund. Saudi Arabia has appointed two women to senior positionsin government, the latest sign that the kingdom islooking to diversify a predominantly male workforce. [Extracted from the article]

Read More: Saudi Arabia's Al Othaim Family Pulls IPO of Malls Unit More family-owned companies have been listing in Saudi Arabia as officials try to deepen its capital markets and shake up traditional ways of doing business. (Bloomberg) -- Saudi Arabia's Al Othaim family has called off its plans to sell shares of its malls business, in a rare instance of an initial public offering in the Middle East being scrapped as a market rally fades. [Extracted from the article]

Bloomberg reported in April, citing people familiar with the matter, that Arabian Drilling appointed the Saudi unit of HSBC Holdings Plc and SNB Capital as financial advisers for an IPO that could value it at more than $1.4 billion. Saudi Arabia's stock market is one of the most active in the Middle East and since allowing foreigners to directly buy stocks in 2015 has attracted some of the biggest global investors. [Extracted from the article]

But under the assumption that Saudi banks will expand credit by nearly 14% this year while deposits grow far slower, Bloomberg Intelligence estimates lenders will still need to raise about 160 billion riyals ($43 billion) to finance bigger loan books. Saudi Arabia's cash injections into banks brought immediate liquidity relief for an industry still in the grip of a funding challenge. [Extracted from the article]

The US buyout firm acquired its stake from Saudi-based firm AlJammaz Group in 2011 for an undisclosed amount. Carlyle is selling a 41.7% stake in Alamar, or 10.6 million shares, to institutional and retail investors. [Extracted from the article]

Bahrain's sovereign wealth fund is considering a listing of Aluminium Bahrain BSC in Saudi Arabia more than a decade after its initial listing in Bahrain, people familiar with the matter said. Mumtalakat, as the Bahrain fund is known, is working with Moelis & Co. as financial adviser on the potential listing, two of the people said, asking not to be identified because the information is private. [Extracted from the article]

Mumtalakat, as the Bahrain fund is known, is working with Moelis & Co. as financial adviser on the potential listing, two of the people said, asking not to be identified because the information is private. Bahrain's sovereign wealth fund Mumtalakat owns 69% of Alba, which accounts for about 12% of Bahrain's GDP, according to the company website. [Extracted from the article]

Saudi Telecom Co., the most profitable mobile operator in the Middle East, will increase its capital by 30 billion riyals ($8 billion) through the issuance of bonus shares. This will raise STC's capital to 50 billion riyals, making it the largest capital increase by a Saudi company, Chairman Prince Mohammad bin Khalid Al-Faisal, said in the statement. [Extracted from the article]

STC also plans to change its dividend policy after the capital increase, committing to a minimum payout of 0.4 riyal per share, from a fixed dividend of 1 riyal a quarter, it said in a separate statement. Saudi Telecom Co., the most profitable mobile operator in the Middle East, will increase its capital by 30 billion riyals ($8 billion) through the issuance of bonus shares. [Extracted from the article]

(Bloomberg) -- Saudi Arabia appointed a former SaudiAramco executive as the first female to join the board ofits central bank, the latest sign that the kingdom islooking to name more women to senior roles in itsfinancial industry. Sheila Alrowaily, who worked for Saudi Aramco for morethan 20 years in trading and investments positions, hasbeen appointed as a board member for the Saudi CentralBank, according to a royal decree. [Extracted from the article]

(Bloomberg) -- Carlyle Group is seeking to sell its stakein the owner of the Domino's pizza franchise in theMiddle East in an initial public offering on the Saudistock exchange. Carlyle bought its stake in Alamar through Carlyle MENAPartners, a fund focused on the Middle East, North Africaand Turkey. [Extracted from the article]

Keywords: 13347Z; ARAMCO@AB; ALLTOP; BUSINESS; CMD; COS; EXE; GEN; GOV; IRAQ; MARKETS; MIDEAST; NORTHAM; NRG; OIL; SAUDI; STK; US; WORLD; WWTOP EN 13347Z ARAMCO@AB ALLTOP BUSINESS CMD COS EXE GEN GOV IRAQ MARKETS MIDEAST NORTHAM NRG OIL SAUDI STK US WORLD WWTOP Saudi Arabia's crown prince said the kingdom is in talks to sell a 1% stake in state oil giant Saudi Aramco to a "leading global energy company" as he forecast a rebounding economy in the aftermath of the coronavirus pandemic. Asked about the kingdom's regional rival, Iran, the crown prince softened his tone from previous statements, saying that Saudi Arabia was working to solve its differences with the Islamic Republic. [Extracted from the article]

Saudi Arabia's Al Othaim family has shelved plans for an initial public offering of its malls business, in a sign the global IPO market malaise is spreading to the Middle East. The Al Othaim family was considering seeking about $400 million to $500 million from the offering in Saudi Arabia, though hadn't set precise terms of the deal, people familiar with the matter said, asking not to be identified discussing confidential information. [Extracted from the article]

Saudi Arabia's Al Othaim family has shelved plans for an initial public offering of its malls business, people familiar with the matter said, in a sign the global IPO market malaise is spreading to the Middle East. (Bloomberg) -- Sign up for our Middle East newsletter and follow us @middleeast for news on the region. [Extracted from the article]

GII, as the investment company is known, bought a majority stake from Saudi-based private equity firm Jadwa Investment Co. in Almeswak Dental Clinics, according to a statement. Dubai-based Gulf Islamic Investments LLC has closed a $530 million deal to buy a stake in Saudi Arabia's largest provider of dental and dermatology care and will look to list the healthcare company in the next three years. [Extracted from the article]

Saudi Arabia's King Salman bin Abdulaziz left the hospital after a week of treatment and recovery that included a colonoscopy, and is in good health, state-run Saudi Press Agency reported. Concerns over the health of King Salman saw the cost of insuring Saudi Arabia's debt jump to the highest in a year, erasing most of the gains from elevated oil prices. [Extracted from the article]

The commitment to the Swiss firm follows Clariant saying last month that Chief Financial Officer Stephan Lynen will step down after concluding a preliminary investigation of its accounting that will cause the company to restate 2020 results. The Riyadh-based company, known as Sabic, made net income of 6.47 billion riyals ($1.73 billion). [Extracted from the article]

The company, controlled by oil giant Saudi Aramco, said in a statement that pre-tax earnings would "remain flat" this year, with rising sales being offset by higher costs for inputs. Saudi Basic Industries Corp., the world's largest chemical maker by market value, posted a 33% jump in quarterly profit but expects rising feedstock prices to pressure earnings over the rest of the year. [Extracted from the article]

(Bloomberg) -- Saudi Arabia is relaunching the privatization of its airports in an effort to diversify the kingdom's oil-dominated economy and secure investment as it seeks to triple annual visitor numbers by 2030. As part of the plan, Saudi Arabia is also looking to launch a new international airline based in Riyadh, separate to existing flag carrier Saudia, and owned by its sovereign wealth fund, the Public Investment Fund. [Extracted from the article]

The downward-sloping curve means the long-term price assumptions companies use are much lower than current levels, which can discourage investment in production and refining. Crude prices have surged to around $110 a barrel in the past year, first as demand recovered from the coronavirus pandemic and then after Russia invaded Ukraine. [Extracted from the article]

A lack of refining capacity across the world is leading to a surge in the gap between the price of crude oil and fuels, according to Saudi Arabia's energy minister. The difference "is in some cases 60%", Prince Abdulaziz bin Salman said at a conference in Riyadh on Monday. [Extracted from the article]

Saudi Arabian companies raised almost $9.3 billion from share offerings last year, making Riyadh the most active IPO market in the Middle East and Africa behind Israel, according to data compiled by Bloomberg. (Bloomberg) -- A Saudi Arabian firm is seeking to become the first movie chain to list in the kingdom and has hired the investment banking arm of Banque Saudi Fransi as an adviser, people familiar with the matter said. [Extracted from the article]

(Bloomberg) -- A Saudi Arabian firm is weighing an initial public offering that will make it the first movie chain to list in the kingdom, people familiar with the matter said. Saudi Arabian companies raised almost $9.3 billion from share offerings last year, making Riyadh the most active IPO market in the Middle East and Africa behind Israel, according to data compiled by Bloomberg. [Extracted from the article]

Saudi Arabian companies raised almost $9.3 billion from share offerings last year, making Riyadh the most active IPO market in the Middle East and Africa behind Israel, according to data compiled by Bloomberg. (Bloomberg) -- Saudi Arabia's largest pharmacy retail chain has demand for all shares up for sale in its initial public offering, people familiar with the matter said, hours after the firm opened books on what could be the kingdom's biggest listing since Aramco. [Extracted from the article]

(Bloomberg) -- Saudi Arabia's largest pharmacy retail chain is seeking to raise as much $1.36 billion from an IPO, in what could be the largest listing in the kingdom since oil giant Saudi Aramco went public in 2019. Saudi Arabian companies raised almost $9.3 billion from share offerings last year, making Riyadh the most active IPO market in the Middle East and Africa behind Israel, according to data compiled by Bloomberg. Saudi Arabia's benchmark Tadawul All Share Index climbed 11.7% this year in dollar terms, making it the eighth best performing stock benchmark globally. [Extracted from the article]

(Bloomberg) -- Saudi Aramco shares rose to a record as its chief executive officer said oil demand continues to rebound from the coronavirus pandemic, including in the company's main market of Asia. Aramco has revived discussions to build a multi-billion dollar refining and petrochemicals complex in the north-east of the country, Bloomberg reported earlier this month. [Extracted from the article]

Aramco has revived discussions to build a multi-billion dollar refining and petrochemicals complex in the north-east of the country, Bloomberg reported earlier this month. (Bloomberg) -- Saudi Aramco shares rose to a record as its chief executive officer said oil demand continues to rebound from the coronavirus pandemic, including in the company's main market of Asia. [Extracted from the article]

The gains in Aramco shares come amid a potential secondary offering that Bloomberg News has reported could raise more money than the company's landmark listing two years ago. (Bloomberg) -- Saudi Aramco shares rose to an all-time high after the chief executive officer of the world's biggest energy company said oil demand continues to rebound from the pandemic, including in its main market of Asia. [Extracted from the article]

"With the global recovery we're seeing today, there is more demand for products and we see that from different enclaves, especially in Asia", Amin Nasser said during a speech in Riyadh, Saudi Arabia's capital. (Bloomberg) -- Saudi Aramco's shares rose to a record as its chief executive officer said oil demand continues to rebound from the coronavirus pandemic, including in the company's main market of Asia. [Extracted from the article]

Al Rajhi rivals include Saudi National Bank, which snatched the top spot as the kingdom's biggest lender by assets after a combination with Samba Financial Group. (Bloomberg) -- Al Rajhi Bank shares surged to a record after the second-biggest Saudi Arabian lender rolled out a $4 billion plan to grow its business. [Extracted from the article]

The Tadawul gained about 38% Al Rajhi Bank trades at 22 times its estimated earnings per share for the coming year The company's dividend yield is 1.5% on a trailing 12-month basis and 1.9% based on Bloomberg Dividend Forecasts for the next 12 months ©2022 Bloomberg L.P. Al Rajhi competes with lenders such as Saudi National Bank, which snatched the top spot as the kingdom's biggest lender by assets after a combination with Samba Financial Group. (Bloomberg) -- Al Rajhi Bank plans to boost its capital by $4 billion as the second-biggest Saudi Arabian lender looks to grow its business. [Extracted from the article]

(Bloomberg) -- Saudi Arabia's largest pharmacy chain plans to expand its primary healthcare business and may consider acquisitions as it decided to proceed with an IPO in the kingdom. Saudi Arabian companies raised almost $9.3 billion from share offerings last year, making it the most active IPO market in the Middle East and Africa behind Israel, according to data compiled by Bloomberg. [Extracted from the article]

(Bloomberg) -- Saudi Arabia's largest pharmacy retail chain hired the local unit of HSBC Holdings Plc and the investment banking arm of Saudi National Bank in what could be the largest IPO in the kingdom since Aramco went public in 2019. Saudi Arabian companies raised almost $9.3 billion from share offerings last year, making it the most active IPO market in the Middle East and Africa behind Israel, according to data compiled by Bloomberg. [Extracted from the article]

The Tadawul stock exchange plans to allow futures trading in five to 10 companies initially over the next few weeks, the people said, asking not to be identified as the information is private. Exchanges in the Gulf region are increasingly introducing derivatives trading, with Dubai Financial Market and the Abu Dhabi Exchange setting up markets for equity futures contracts. (Bloomberg) -- Saudi Arabia will soon introduce futures trading on single stocks to further boost liquidity in the Middle East's biggest stock market, people familiar with the matter said. [Extracted from the article]

The Tadawul stock exchange plans to allow futures trading in five to 10 companies initially over the next few weeks, the people said, asking not to be identified as the information is private. Exchanges in the Gulf region are increasingly introducing derivatives trading, with Dubai Financial Market and the Abu Dhabi Exchange setting up markets for equity futures contracts. (Bloomberg) -- Saudi Arabia will soon introduce futures trading on single stocks to further boost liquidity in the Middle East's biggest stock market, people familiar with the matter said. [Extracted from the article]