DHAHRAN, Saudi Arabia: Aramco, one of the world’s leading integrated energy and chemicals companies, today announced the completion of a $3 billion international sukuk issuance, comprised of two US dollar-denominated tranches.

The tranches are split as follows:

  • $1.5 billion maturing in 2029, carrying a profit rate of 4.25% per annum; and
  • $1.5 billion maturing in 2034, carrying a profit rate of 4.75% per annum.

The issuance was priced on September 25, 2024, and the securities were listed on the London Stock Exchange.

  • The offering received strong demand and was six times oversubscribed.
  • Both tranches were priced with a negative new issue premium, reflecting Aramco’s strong credit profile.
  • The successful issuance builds on Aramco’s efforts to diversify and broaden its investor base, further enhance liquidity, and re-establish its sukuk yield curve.

Ziad T. Al-Murshed, Aramco Executive Vice President & CFO, said: “Building on the strong investor reception from our July 2024 bond issuance, this sukuk offering represented an opportunity to engage with a broader investor base. The impressive demand, as demonstrated by the oversubscribed sukuk order book, reflects Aramco’s unique credit proposition, underpinned by its competitive advantage and a proven track record of financial resilience through cycles.”

Aramco Contact Information
Media Relations: media.inquiries@aramco.com
Investor Relations: investor.relations@aramco.com
@aramco

 About Aramco

As one of the world’s leading integrated energy and chemicals companies, our global team is dedicated to creating impact in all that we do, from providing crucial oil supplies to developing new energy technologies. We focus on making our resources more dependable, more sustainable and more useful, helping to promote growth and productivity around the world. https://www.aramco.com