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Saudi Aramco Gets $100 Billion Bond Orders

Video Credit: Rumble - Duration: 00:38s - Published < > Embed
Saudi Aramco Gets $100 Billion Bond Orders

Saudi Aramco Gets $100 Billion Bond Orders

Saudi Aramco, Saudi Arabia&apos;s state-owned oil company, has received huge demand for its debut global bond with $100 billion in orders.

Aramco announced plans for its debut global bond last week after showing results which made it the most profitable company in the world.

It&apos;s part of a transparency push on behalf of Saudi Arabia as part of a will-they-won&apos;t-they over the company&apos;s plans for an initial public offering, which it shelved last year.

The bond issuance reflects the company&apos;s reluctance to go public after being shunned by investors at a Saudi event dubbed &quot;Davos in the desert&quot; last year, following the murder of journalist Jamal Khashoggi.

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