Government Extends No Support To Aramco’s Planned Bond
Saudi Aramco, officially the Saudi Arabian Oil Company, is a Saudi Arabian national petroleum and natural gas company based in Dhahran, Saudi Arabia. It is the world’s most profitable company according to accounts seen by Bloomberg News and one of the largest companies in the world by revenue.
However and surprisingly, Reuters confirmed by the company’s prospectus that Aramco’s planned bond issuance will receive no government support even with the expressed financial health of Aramco.
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