Aramco flashes its cash but also its independence

Saudi Aramco, the world’s biggest oil producer, made EBITDA of $224 billion last year, almost three times as much as Apple, the state-owned company disclosed on April 1 in its debut bond prospectus. The group’s net income was $111 billion.

Previously reluctant to publish details of its finances, Aramco disclosed its financial statements in order to issue public debt and finance its $69 billion acquisition of a stake in Saudi Basic Industries Corp from the kingdom’s sovereign wealth fund, the Public Investment Fund. Rating agencies Fitch and Moody’s have graded Aramco at A1 and A-plus, in line with the kingdom’s own level.

Reuters gfhay It’s a matter of trust.

Reuters gfhay ...hours after being outed by DeBecker.

Reuters gfhay Kashoggi

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Saudi Aramco Is The Most Profitable Company In The World, But Where Is All The Money Going?What do we learn from the much anticipated credit rating report for Saudi Aramco? let me review it thanks for info forbes I guess to the subtle sponsorship of jihadists and Jihadi groups around the world in the name of Islam - Pakistan, parts of Africa, Europe & America... GOOD, now the Muslim Church to show U.S. how they can take care of their people AT HOME. Start loading the ships and back to the sandlands.
Source: Forbes - 🏆 394. / 53 Read more »