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.