Week in Review

Week in Review: A major anniversary, another round of financing, and recognition for resilience

IPO anniversary, more finance news, and Abqaiq's response to the September 2019 attacks wins an award.

Week in Review: A major anniversary, another round of financing, and recognition for resilience

The big news this week was an anniversary as the company marked the end of its first year as a publicly traded company. The move has brought changes to the company as it tests its strengths industrywide.

 

IPO Anniversary

One year has passed since Aramco issued its historic Initial Public Offering, and the move helped the company realize where its true strengths lay. “It highlighted what is so unique about this great company — not just within the Kingdom, but also internationally. The awareness and appreciation for Aramco, and all that we do, came to be better recognized,” said president and CEO Amin Nasser.

 

Another round of financing

Aramco issued the second installment of international bonds in November, creating high demand among global investors. This successful installment followed the company’s inaugural bond issuance of $12 billion in April 2019. 

 

Global recognition for Abqaiq Plants response

Last year’s incident response and restoration management of the global oil system’s beating heart echoed across the international business community and has received a world-class recognition. 

Turning a horrendous incident into a success story was attributed to a well-established business continuity system that paid off immensely.

 

Aramco issues second round of international bonds

Aramco issued the second installment of international bonds in November creating high demand among global investors. This successful installment followed the company’s inaugural bond issuance of $12 billion in April 2019.

 

Ithra’s second Artist Call

Walaa Fadul is the winner of the King Abdulaziz Center for World Culture’s (Ithra) second Artist Open Call. The call received 158 quality proposals, of which 11 artists were shortlisted. These artists participated in a five-day virtual training program that included an art-writing workshop, as well as activities and lectures in contemporary art.


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