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    2222   SA14TG012N13

SAUDI ARABIAN OIL COMPANY

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Abu Dhabi's Mubadala joins EIG-led consortium buying Aramco pipeline stake

06/08/2021 | 11:55am EDT

DUBAI, June 8 (Reuters) - Abu Dhabi state investor Mubadala said on Tuesday it has joined a consortium led by U.S.-based EIG Global Energy Partners that had agreed to buy a 49% equity stake in Aramco Oil Pipelines Co.

Aramco in April agreed to sell a minority stake in its pipelines for $12.4 billion to a consortium led by EIG, the company's largest deal since its record $29.4 billion initial public offering in late 2019.

Aramco will keep 51% of the newly formed Aramco Oil Pipelines Co and rights to 25 years of tariff payments for oil carried on Aramco's pipelines. (Reporting by Saeed Azhar; Editing by Jan Harvey)


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
LONDON BRENT OIL -0.51% 74.48 Delayed Quote.42.48%
SAUDI ARABIAN OIL COMPANY -0.14% 35.25 End-of-day quote.0.71%
WTI -0.51% 72.67 Delayed Quote.49.08%
All news about SAUDI ARABIAN OIL COMPANY
06/21SAUDI ARABIAN OIL  : Aramco Confirms Minority Oil Pipeline Business Stake Sale T..
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06/20SAUDI ARABIAN OIL  : Aramco Completes $12.4 Billion Sale of 49% Oil Pipeline Bus..
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06/18SAUDI ARABIAN OIL  : EIG-led consortium closes $12.4 billion Aramco pipelines de..
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06/18SAUDI ARABIAN OIL  : Aramco closes $12.4 billion infrastructure deal with global..
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06/17SAUDI ARABIAN OIL  : Aramco raises $6 billion through the world's largest US-dol..
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Financials
Sales 2021 1 307 B 349 B 349 B
Net income 2021 352 B 93 993 M 93 993 M
Net Debt 2021 303 B 80 890 M 80 890 M
P/E ratio 2021 20,0x
Yield 2021 4,01%
Capitalization 7 056 B 1 881 B 1 882 B
EV / Sales 2021 5,63x
EV / Sales 2022 5,33x
Nbr of Employees 79 000
Free-Float 1,76%
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Technical analysis trends SAUDI ARABIAN OIL COMPANY
Short TermMid-TermLong Term
TrendsBearishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 17
Average target price 34,65 SAR
Last Close Price 35,30 SAR
Spread / Highest target 13,3%
Spread / Average Target -1,83%
Spread / Lowest Target -32,0%
EPS Revisions
Managers and Directors
NameTitle
Amin bin Hasan Al-Nasser President, CEO & Executive Director
Khalid Hashim Al-Dabbagh Senior VP-Finance, Strategy & Development
Yasir bin Othman Al-Rumayyan Chairman
Ahmad Abdul Rahman Al-Sa'adi Senior Vice President-Technical Services
Ziad Thamer Al-Murshed Vice President-International Operations
Sector and Competitors
1st jan.Capitalization (M$)
SAUDI ARABIAN OIL COMPANY0.71%1 881 463
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