Saudi Aramco plans to return to global capital markets by offering sukuk will help fund an obligation to divide $ 75 billion.
According to Arab Net, the largest Aramco chose 15 banks to manage Islamic debt sales, or instruments, which could occur this month, according to Bloomberg.
One of the sources said that the world's largest oil company has been seeking to collect about $ 5 billion.
Sources explained that Aramco is considering selling sukuk in dollars and local currency. While no final decision was taken after the company may postpone the deal if market conditions deteriorated.
Many other government energy companies in the Gulf are also studying the launch of international bonds. Qatar Petroleum may issue bonds worth up to $ 10 billion in the coming weeks, while Oman Energy Development Company is seeking about $ 3 billion.
High profit
Saudi Aramco's profits in the first quarter rose amid recovery in global oil and gas markets, although the free cash flow has been very low to cover its quarterly quarterly dividends worth $ 18.75 billion.
This comes, while the price of oil, which has been doubled in Saudi Arabia, since October to more than $ 70 a barrel, with major economies to vaccinate their citizens and reopen the economy. The height was also supported by OPEC's alliance policies, which is a major member of Saudi Arabia, by reducing oil supply.
The rate of debt - a measure of debt as a percentage of equity - is more than 5% in early 2020 to 23% by March this year, higher than the maximum of 15%.
Capital spending this year is due to rise to $ 35 billion.
The Dhahran-based company was headquartered on the Saudi stock exchange in the global debt markets in November, raised $ 8 billion from traditional bonds with a total of 3 years and 50 years.
