This holiday season, we ask you to give the gift of trusted news…

Dear friends,

The Media Line is always there to report to you the stories and issues of the Middle East – completely and in context: TML is the source you can trust.

Know The Media Line to Know The Middle East!

Please support our ad-free, nonprofit news agency. Our seasoned journalists reporting from the Middle East are working day and night during these challenging, yet defining times; and our student interns are honing their knowledge and skills, preparing to emerge as tomorrow’s journalists.

You rely on us and we’re relying on you! Make your online tax-deductible donation here and contact us regarding donations through appreciated stock, donor advised funds, qualifying IRA distributions and other charitable instruments.

Thank you and best wishes to you and yours this holiday season.
Felice Friedson
Founder, President
Saudi Aramco Issues International Bonds to Pay Shareholders
A worker is shown last October at Saudi Aramco’s Abqaiq oil field in Saudi Arabia. (Stanislav KrasilnikovTASS via Getty Images)

Saudi Aramco Issues International Bonds to Pay Shareholders

The Saudi Arabian oil company Saudi Aramco on Monday announced that it would issue dollar-denominated international bonds to pay shareholders. The world’s largest oil company, it went partially public only in December in one of the most ballyhooed IPOs in history. The company did not say how large the issuance would be, although numerous reports speculated that it would run into the billions. The issuance of the bonds is meant to help the company pay out some $75 billion in dividends promised to shareholders by Crown Prince Mohammed bin Salman, who is working to move the country’s economy away from its dependence on oil revenue. The company’s largest shareholder remains the Saudi government. Oil prices have crashed this year due to the coronavirus pandemic, which lowered the global demand for oil. Aramco’s earnings fell by 50% in the first half of 2020, according to the Associated Press, and Saudi Arabia has cut its oil production in a bid to prevent prices from continuing to fall. Saudi Aramco has exclusive rights to produce and sell Saudi Arabia’s energy reserves.

Did you know we’re celebrating our 20th Anniversary as the 1st American News Agency exclusively covering the Middle East?

  • The Middle East landscape is changing rapidly.
  • The roads in the region open to new possibilities.
  • The Media Line continues to pave the way to a far greater understanding of the region’s land, people, policies and governments through our trusted, fact-based news.

We’re an independent, ad-free, non-profit news agency and rely on friends like you!

Please make your gift today.
Thank you!

We paved the way to be the Trusted Mid East News you can rely on!

We’re an independent, ad-free, non-profit news agency and rely on friends like you!

Invest in the
Trusted Mideast
News source.
We are on the
front lines.

Personalize Your News
Upgrade your experience by choosing the categories that matter most to you.
Click on the icon to add the category to your Personalize news
Browse Categories and Topics
Wake up to the Trusted Mideast News source Mideast Daily News Email
By subscribing, you agree to The Media Line terms of use and privacy policy.
Wake up to the Trusted Mideast News source Mideast Daily News Email
By subscribing, you agree to The Media Line terms of use and privacy policy.