RIYADH: Saudi Arabian Oil Company, commonly known as Saudi Aramco, has signed definitive agreements to acquire a 10 per cent equity interest in HORSE ...
: Saudi Arabian Oil Company, commonly known as Saudi Aramco, has signed definitive agreements to acquire a 10 per cent equity interest in HORSE Powertrain Limited, a global powertrain solutions company formed by Renault Group and Chinese automaker Geely Auto Group, Xinhua quoted the Saudi Press Agency report on Saturday.
The investment aims to enhance Aramco’s contribution to the global energy transition through the development and commercialisation of more efficient mobility solutions, the SPA reported. “With Geely and Renault, we plan to leverage our collective expertise and resources to support ground-breaking advances in both engine and fuel technologies,“ he added.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
New Saudi Aramco share offering to raise $11.2 billion for reformsRIYADH: Saudi oil giant Aramco on Friday said it would price its secondary offering at 27.25 Saudi riyals ($7.27) per share, in the lower end of its range, allowing it to raise $11.2 billion.
Read more »
Saudi Arabia poised to price Aramco shares at US$7.27 a piece, sources sayDUBAI, June 7 ― Saudi Arabia is poised to price shares in the offering of its state oil giant Aramco at 27.25 Riyals (RM34.13) a piece, people familiar with the matter told...
Read more »
Geely, Volvo announce new Aurobay joint venture – to be global supplier for next-gen powertrain solutionsGeely Holding and Volvo Cars have announced a new joint venture company, Aurobay, to manage their powertrain operations. The new standalone firm will be a global supplier of complete powertrain solutions, which include next-generation internal …
Read more »
2024 Proton X50 RC looks the same because Geely Binyue facelift styling is ‘too aggressive’The model year 2024 Proton X50 has an unchanged exterior Earlier today, Proton unveiled the 2024 model year X50 a.k.a. X50 RC. RC stands for Running Change, which means that this is not a facelift, …
Read more »
Sources: Over half of Aramco share sale allocated to foreign investorsDUBAI, June 8 — Saudi Arabia placed over half of an US$11.2 billion (RM52 billion) share sale in Aramco with foreign investors, two people with knowledge of the matter told...
Read more »
Investors flock to Aramco share sale that could raise US$13bDUBAI, June 2 — Saudi Arabia’s sale of shares in oil giant Aramco drew more demand than the stock on offer within hours of kicking off today, a landmark deal that could...
Read more »