Saudi Aramco says to offer shares worth over $10 billion on Saudi bourse

Saudi Aramco said on Thursday it plans to sell 1.545 billion shares worth more than $10 billion. (Aramco)
Saudi Aramco said on Thursday it plans to sell 1.545 billion shares worth more than $10 billion. (Aramco)
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Updated 30 May 2024
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Saudi Aramco says to offer shares worth over $10 billion on Saudi bourse

Saudi Aramco said on Thursday it plans to sell 1.545 billion shares worth more than $10 billion. (Aramco)
  • It is the firm’s second listing after an initial public offering in December 2019 that raised $25.6 billion

RIYADH: Saudi Aramco said on Thursday it plans to sell 1.545 billion shares worth more than $10 billion, one of the biggest such offerings in recent years.
In a statement posted to the Saudi stock exchange, Aramco announced a “secondary public offering of 1.545 billion shares,” with an expected price range between 26.70 and 29 Saudi riyals ($7 to $7.70).
The sale on the local bourse, which represents approximately 0.64 percent of the company’s issued shares, will commence on Sunday, Aramco said.
It is the firm’s second listing after an initial public offering in December 2019 that raised $25.6 billion, the biggest flotation in history.
Saudi Arabia is the world’s largest crude oil exporter and, before the announcement on Thursday, the government owned about 82 percent of its shares.


Lewandowski treble for leaders Barca as Atletico held

Lewandowski treble for leaders Barca as Atletico held
Updated 6 min 56 sec ago
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Lewandowski treble for leaders Barca as Atletico held

Lewandowski treble for leaders Barca as Atletico held
  • Lewandowski reached 10 goals for the season in nine league games, stretching his lead as the division’s top goalscorer with a first-half treble

BARCELONA: Robert Lewandowski’s 26-minute hat-trick steered La Liga leaders Barcelona three points clear of Real Madrid with an emphatic 3-0 win at Alaves on Sunday.
Atletico Madrid’s bid to bounce back from a heavy Champions League defeat fell short as Real Sociedad rescued a 1-1 draw thanks to Luka Sucic’s brilliant late strike.
Lewandowski reached 10 goals for the season in nine league games, stretching his lead as the division’s top goalscorer with a first-half treble.
Champions Madrid beat Villarreal on Saturday to pull level with Barcelona but the Catalans strolled to a comfortable triumph at Alaves’ Mendizorroza stadium to continue a strong start to the campaign under new coach Hansi Flick.
“I get a lot of good passes and so it’s easier for me to score goals,” Lewandowski told DAZN.
“Today in the first half we played well from the first minute, we wanted to attack and score goals.
“If you score three goals in the first half then in the second you can play with everything under control.”
Barca secured their eighth victory in nine La Liga matches by taking control from the start.
Lewandowski and winger Raphinha, in superb form this season, were Barcelona’s key players in a match they largely dominated.
The Brazil international had a goal disallowed for offside before setting up Lewandowski for the opener with an inviting free-kick, which the striker headed home.
Raphinha burst down the left wing for Barcelona’s second, crossing for the veteran Polish forward to knock in.
Lewandowski completed his hat-trick with a clinical finish across Sivera after collecting Eric Garcia’s pass.
The 36-year-old hitman looks far sharper than last season and has 12 goals in 11 games across all competitions.
“In front of goal (Lewandowski) is the best player, for me,” Flick told reporters.
“It’s amazing to score so many goals over such a period... I’m really happy with him and you can see he’s 100 percent fit, it’s perfect at the moment.
“I’m happy for Lewy but also the other team-mates are really supporting him very (well).”
Alaves had goals from Toni Martinez and Santiago Mourino ruled out for offside as they battled well in the second half but Barca held firm.
Diego Simeone’s Atletico were thrashed 4-0 by Benfica on Wednesday but took a first-minute lead in San Sebastian against Real Sociedad.
Former Manchester City striker Julian Alvarez drilled home after Antoine Griezmann’s cute backheel into his path.
The Rojiblancos battled hard defensively to keep their advantage but Sucic looped a long-range effort over Jan Oblak in the 84th minute to secure the home side a point.
Atletico’s point took them third, level with Villarreal, but they trail leaders Barcelona by seven, while Real Sociedad are 15th.
“We scored the goal, the team worked well defensively, we didn’t allow a team that plays well (to create) much danger,” Simeone told DAZN.
“Look at their goal, a great strike, and that’s about it, I think a draw was fair.”
Sevilla shaded a derby clash against Real Betis 1-0 while Girona snatched a late 2-1 win over Athletic Bilbao.
Dodi Lukebakio’s penalty was enough to pull Sevilla up to 12th, level on points with derby rivals Betis.
The winger converted from the spot in the 50th minute after a handball by Diego Llorente, who was furious with the decision.
“I just ask for respect, we work like mad every week and there are referees who lie to our faces,” said Llorente, who said the referee had claimed the defender’s arm was in a raised position.
Veteran Sevilla winger Jesus Navas, 38, played in his 28th and final Seville derby, becoming the player with the most appearances in the fixture — one more than Betis great Joaquin.
Earlier Girona snatched a late win over sixth-placed Athletic Bilbao in an entertaining clash.
Cristhian Stuani converted a late penalty to earn three points for last season’s surprise package, who are currently 11th after a difficult start this season.
Girona goalkeeper Paulo Gazzaniga saved two penalties, denying Alex Berenguer and then Ander Herrera.


Russia says it struck two Syrian militant sites

Russia says it struck two Syrian militant sites
Updated 11 min 23 sec ago
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Russia says it struck two Syrian militant sites

Russia says it struck two Syrian militant sites
  • “Russian Aerospace Forces have struck two identified sites of militant who left the Al-Tanf zone,” RIA quoted Ignasyuk, who is also theputy head of the Russian Reconciliation Center for Syria, as telling a briefing

DAMASCUS: Russia’s air force carried out strikes on two militant sites in Syria outside the area of Al-Tanf, Russia’s RIA state news agency reported on Sunday, referring to the region of a US military base.
Citing Captain Oleg Ignasyuk, the report did not specify the location but said the militants had recently left the Al-Tanf area, which borders Jordan.
“Russian Aerospace Forces have struck two identified sites of militant who left the Al-Tanf zone,” RIA quoted Ignasyuk, who is also theputy head of the Russian Reconciliation Center for Syria, as telling a briefing.

 


Hezbollah says targets Israel army base near Haifa

Hezbollah says targets Israel army base near Haifa
Updated 29 min 57 sec ago
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Hezbollah says targets Israel army base near Haifa

Hezbollah says targets Israel army base near Haifa
  • The group dedicated the attack to its leader Hassan Nasrallah, killed in an Israeli strike on Beirut’s southern suburbs last month

BEIRUT, Lebanon: Lebanon’s Iran-backed Hezbollah group said early Monday it had targeted an Israeli military base near the northern city of Haifa, the third attack on a military position in the area in one day.
Hezbollah fighters launched “a salvo of Fadi 1 rockets at the Carmel base south of Haifa,” late Sunday the group said in a statement, having earlier reported two attacks on another base also south of Haifa. The group dedicated the attack to its leader Hassan Nasrallah, killed in an Israeli strike on Beirut’s southern suburbs last month.
 

 


Hamas praises ‘glorious’ Oct 7 attack ahead of anniversary

Hamas praises ‘glorious’ Oct 7 attack ahead of anniversary
Updated 36 min 54 sec ago
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Hamas praises ‘glorious’ Oct 7 attack ahead of anniversary

Hamas praises ‘glorious’ Oct 7 attack ahead of anniversary
  • At least 41,870 Palestinians, a majority of them civilians, have been killed in Israel’s military campaign in the Gaza Strip since the war began, according to data provided by the health ministry in Hamas-run Gaza

DOHA: Palestinian militant group Hamas on Sunday praised its October 7 attack on Israel in a video message ahead of the first anniversary of the deadly storming of southern Israel which sparked the war in Gaza.
“The crossing of the glorious 7th of October shattered the illusions the enemy had created for itself, convincing the world and the region of its supposed superiority and capabilities,” Qatar-based Hamas member Khalil Al-Hayya said in a video statement.
Last year’s October 7 attack resulted in the deaths of 1,205 people, mostly civilians, according to an AFP tally based on Israeli official figures that include hostages killed in captivity.
At least 41,870 Palestinians, a majority of them civilians, have been killed in Israel’s military campaign in the Gaza Strip since the war began, according to data provided by the health ministry in Hamas-run Gaza. The UN has acknowledged these figures as reliable.
Al-Hayya, said a year after the October 7 attack, “all of Palestine, particularly Gaza, and our Palestinian people are writing a new history with their resistance, blood, and steadfastness.”
The Hamas member, who has emerged as the Islamist group’s public face following the killing of its former leader Ismail Haniyeh in July, said Gazans had remained “resilient to all attempts at displacement... despite the kinds of torture and terrorism you have endured, and the horrific genocide and daily massacre.”


 

 


Iran’s Quds Force chief out of contact since Beirut strikes, Iranian officials say

Iran’s Quds Force chief out of contact since Beirut strikes, Iranian officials say
Updated 07 October 2024
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Iran’s Quds Force chief out of contact since Beirut strikes, Iranian officials say

Iran’s Quds Force chief out of contact since Beirut strikes, Iranian officials say
  • The second Iranian official also said Qaani had traveled to Lebanon after the killing of Nasrallah and the Iranian authorities had not been able to contact him since the strike against Safieddine, who was widely expected to be the next Hezbollah chief

DAMASCUS: Iran’s Quds Force commander Esmail Qaani, who traveled to Lebanon after the killing last month of Hezbollah leader Sayyed Hassan Nasrallah in an Israeli airstrike, has not been heard from since strikes on Beirut late last week, two senior Iranian security officials told Reuters.
One of the officials said Qaani was in Beirut’s southern suburbs, known as the Dahiyeh, during a strike that was reported to have targeted senior Hezbollah official Hashem Safieddine but the official said he was not meeting Safieddine.
A Hezbollah official said Israel was not allowing a search for Safieddine to progress after it bombed Beirut’s southern suburbs on Thursday. The officials said the group would only announce Safieddine’s fate when the search concluded.
Safieddine is seen as a likely successor to Nasrallah, who was killed in an Israeli strike on Dahiyeh on Sept. 27.
The Iranian official said Iran and Hezbollah had not been able to contact Qaani, named by Tehran as the head of Iran’s Revolutionary Guards Corps’ overseas military-intelligence service, or Quds Force, after the United States assassinated his predecessor Qassem Soleimani in a drone strike in Baghdad in 2020.
Israel has been hitting multiple targets in Dahiyeh as it pursues a campaign against Iran-backed Lebanese group Hezbollah.
The second Iranian official also said Qaani had traveled to Lebanon after the killing of Nasrallah and the Iranian authorities had not been able to contact him since the strike against Safieddine, who was widely expected to be the next Hezbollah chief.
Asked about reports that Qaani may have been killed in an Israeli strike in Beirut, Israeli military spokesperson Lt. Col. Nadav Shoshani said the results of the strikes were still being assessed.
He said that Israel had conducted an attack late last week against Hezbollah’s intelligence headquarters in Beirut.
“When we have more specific results from that strike, we will share it. There’s a lot of questions about who was there and who was not,” he told a briefing with reporters.
The Quds Force, the overseas arm of Iran’s Revolutionary Guards, oversees dealings with militias allied with Tehran across the Middle East, such as Hezbollah.
Iranian Revolutionary Guards commander Brig. Gen. Abbas Nilforoushan was killed with Nasrallah in his bunker when it was hit on Sept. 27 by Israeli bombs.