The $100 Billion Man: Aramco CEO Delivers Record-Breaking Bond
- Saudi state-owned oil giant sells $12 billion in debut bond
- One of the most oversubscribed debt offerings in history
Amin Nasser
Photographer: Jason Alden/BloombergThis article is for subscribers only.
When Amin Nasser met investors at the palatial St. Regis hotel in midtown Manhattan last week, the chief executive officer of the world’s biggest oil company had one clear message: we’re in a league of our own.
After a bruising two years of being buffeted by delays to an initial public offering, investor skepticism over the valuation and profound change within Saudi Arabia, the CEO was here to set Wall Street straight: “Saudi Aramco is no ordinary oil company,” the 60-year-old petroleum engineer told his audience, according to a person who was present.