The benefits of "Aramco" are equal to those of "Apple", "Google" and "Mobil". What did you expect?

Prior to the offer, I received a credit rating of A1 from Moody's & A + from Fitch

Moody 's revealed that Aramco was the most profitable company in 2011, with a business turnover of about $ 111 billion. The profits of Aramco were equivalent to those of Apple, Google and ExxonMobil.

Saudi Aramco, the world's largest oil producer, has designated banks before the first scheduled issue of multi-tranche dollar bonds, according to a paper submitted by Reuters to one of the banks in charge of the process. On Moody's A1 and A + of Fitch, in anticipation of the expected bond offering, maturities range from 3 to 30 years.

Meetings with bond investors begin this week with a "promotional tour" including: Singapore, London, Hong Kong, Tokyo, New York, Los Angeles, Boston and Chicago.

Aramco has appointed JPMorgan and Morgan Stanley as joint global coordinators, as book managers, Citigroup, Goldman Sachs, HSBC and NCB Capital. "He said.

Saudi Aramco plans to issue $ 10 billion bonds this week to finance its acquisition of a majority stake in SABIC, according to sources in The Wall Street Journal, this is the first time Aramco has opened his books to investors.

Aramco will use these funds to pay the first installment of the $ 69 billion majority stake in SABIC, with the remainder of the acquisition being staggered.

The decision made by Aramco to acquire SABIC's majority stake corresponds to several objectives: Sabic is the fourth largest chemical group in the world with a market capitalization of 370 billion riyals.

The acquisition of 70% of SABIC by Aramco will add value to the diversification of its refining and petrochemical investments, opening new Aramco crude oil markets as well as the growth of chemicals that Aramco puts it at the heart of its downstream strategy. The agreement will also allow Aramco to increase its market value in anticipation of the next year.