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Saudi Aramco Considers Asset Sales to Raise Funds Amid Low Crude Prices
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Saudi Aramco Considers Asset Sales to Raise Funds Amid Low Crude Prices

Saudi state oil giant Aramco is exploring potential asset sales as a strategy to raise funds while pursuing international expansion and managing the impacts of lower crude prices. According to two sources familiar with the situation, the company has engaged investment bankers to propose ideas on how to leverage its assets for financial gain. As...

Saudi Arabia Issues $16 Billion in New Islamic Bonds
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Saudi Arabia Issues $16 Billion in New Islamic Bonds

Saudi Arabia has successfully repaid SAR60 billion (approximately $16 billion) in sukuk, or Islamic bonds, that are set to mature over the next five years. In conjunction with this repayment, the kingdom has issued a new sukuk of the same value to support its domestic market and meet its debt obligations, according to a statement...