IssuerAnnouncementDetailsV2Portlet
Actions
Saudi Arabian Oil Company (Saudi Aramco) announces the start of issuing U.S.$ denominated international bonds under its Global Medium Term Note Programme
| Element List | Explanation |
|---|---|
| Introduction | Reference to the announcement from the Saudi Arabian Oil Company (Saudi Aramco) published on the website of the Saudi Exchange on 29/11/1446H (corresponding to 27 May 2025G) relating to its intention to issue international bonds, Saudi Aramco announces the start of the issuance of such international bonds pursuant to its Global Medium Term Note Programme. |
| Offer Type | The bonds will constitute U.S.$ denominated, direct, general, unconditional and unsecured obligations of Saudi Aramco. |
| Value of the offer | The issuance amount is subject to market conditions. |
| Offering start Date | 2025-05-27 Corresponding to 1446-11-29 |
| Offering end Date | 2025-06-02 Corresponding to 1446-12-06 |
| The targeted class of the issuance | Institutional investors (qualified investors in the jurisdictions in which the offering will be made in accordance with the rules and regulations of such jurisdictions). |
| Name of Issuance Manager | Citi, Goldman Sachs International, HSBC and J.P. Morgan as Active Joint Bookrunners. Abu Dhabi Commercial Bank, Bank of China, BofA Securities, Emirates NBD Capital, First Abu Dhabi Bank, Mizuho, MUFG, NATIXIS, Riyad Capital, SMBC, SNB Capital and Standard Chartered Bank as Passive Joint Bookrunners. |
| Minimum Subscription | U.S.$200,000 (Two Hundred Thousand United States Dollars) and integral multiples of U.S.$1,000 (One Thousand United States Dollars) in excess thereof, subject to market conditions. |
| Offer Price (Sukuk /Bonds) | The price is subject to market conditions. |
| Par Value | U.S.$200,000 (Two Hundred Thousand United States Dollars). |
| Return (Sukuk /Bonds) | The return will be subject to market conditions. |
| Maturity (Sukuk /Bonds) | Maturity will be determined subject to market conditions. |
| Terms of Redemption | Redemption on maturity; redemption following an Event of Default; redemption for tax reasons (at the option of Saudi Aramco); Issuer Maturity Par Call (at the option of Saudi Aramco); Issuer Make Whole Call (at the option of Saudi Aramco); and Change of Control Put (at the option of Noteholders), each to be determined subject to market conditions. |
| Additional Information | The bond issuance will be subject to the approval of the relevant regulatory authorities. In addition, the bonds will be issued in accordance with the Rule 144A/Reg S offering requirements under the U.S. Securities Act of 1933, as amended. The stabilisation rules of the Financial Conduct Authority (“FCA”) and the International Capital Market Association (“ICMA”) will also apply to the issuance. Application will be made for the bonds to be admitted to the official list of the FCA and to the London Stock Exchange plc and for such bonds to be admitted to trading on the London Stock Exchange’s main market. Note that the Issuing End Date referred to above is the expected date of the end of the Offering, subject to market conditions. |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.
Share
Company Performance
Key Parameters
Last Price 25.04
Net Change 0.16 (+0.64%)
Value Traded (Sar) 241,472,373.39
Volume Traded 9,659,619
LoginPortletPopupv2
Actions
AddtoWatchlistv2
Actions