Kingdom Holding Co did not purchase Saudi Aramco bonds

Kingdom Holding Co is Saudi Prince Alwaleed bin Talal’s firm.

Interestingly, as per a statement by Aramco’s CEO Talal Ibrahim al-Maiman, Saudi Arabia’s Prince’s firm Kingdom Holding Co did not purchase its bonds.

Talal Ibrahim al-Maiman went on to add, the yield on the bonds was “a bit lower” than what Kingdom would expect.

Earlier this week, Saudi Aramco raised $12 billion with its first international bond issue after receiving more than $100 billion in orders, a record breaking vote of market confidence for the oil giant.

Maiman, who was speaking at a conference in Abu Dhabi, stated, Saudi Arabia has signed term sheets for a $1 billion loan with three international and two local banks. While Saudi Aramco is exiting some mature assets, it however wants to monetize its real estate portfolio.

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