Saudi Arabian Oil Company, also known as Aramco, was founded in 1933 and is headquartered in Dhahran, Saudi Arabia. The company's primary purpose is to explore, produce, refine, and distribute oil and gas, playing a crucial role in the global energy market. Aramco is renowned for its vast reserves and production capabilities, making it a cornerstone of the Kingdom's economy and a key player in the international energy sector. The company's portfolio includes a diverse range of petrochemical products and services, positioning it as a leader in the oil and gas industry.
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Aramco began issuing bonds in 2019, marking a significant entry into the international capital markets. In its inaugural bond sale, the company raised $12 billion to help fund various projects and enhance its infrastructure. Notably, Aramco's bond offerings have attracted strong interest due to the company's robust financial position and high credit ratings, with yields typically more favorable compared to the industry. Recent news includes the 2022 issuance of $6 billion in bonds, featuring a dual-tranche structure, aimed at refinancing existing debts and supporting expansion projects.