FINWIRES · TerminalLIVE
FINWIRES

SASE:2222

126 stories mentioning SASE:2222Updated 4d ago

Every FINWIRES story that references SASE:2222, newest first.

What are analysts saying about SASE:2222?

Recent broker actions mentioned in FINWIRES coverage. Compiled from wire headlines; not investment advice.

What's the latest news on SASE:2222?

Equities

Aljazira Capital: Higher Crude Oil Prices to Bolster Saudi Aramco's Q1 Profitability

Aljazira Capital expects Saudi Arabian Oil Co. (SASE:2222), d/b/a Saudi Aramco, to see strong topline growth and improved profitability in the first quarter, bolstered by higher crude oil prices.Aramco is anticipated to report a 13.8% year-over-year jump in net income, after minority, to 108.8 billion Saudi riyals, while revenue is seen growing 6% to 455.3 billion riyals, according to a Wednesday note.For full-year 2026, net income and revenue are projected to increase 22.6% and 14.1% on an annual basis, respectively, to 427 billion riyals and 1.908 trillion riyals."We expect higher crude oil prices this year and flexibility to divert exports from east to west coast to reflect positively on Aramco's revenue and earnings in FY26E," the research firm said. "Our estimates assume an average oil price of around USD 86/bbl, about 27%. However, total hydrocarbon output is projected at 12.8 mmboed, including crude oil production of 9.4 mbpd. Our assumptions are based on energy supply routes and production level returning to normalcy by Q3-26, while oil prices will continue to hold certain geopolitical premium throughout the year."

SASE:2222
Asia Markets

Tadawul Shares Close Higher on US-Iran Conflict De-escalation Hopes

Saudi Exchange-traded shares closed Tuesday higher as the potential resumption of the talks between Iran and the US pushed the Tadawul All Share Index to 0.52% in the green.Sources said that the US and Iran are said to resume their discussions in Pakistan on ending the war, Reuters reported. The sources added that the talks in Islamabad might happen by the end of the week."Oil prices fell back below USD100/bbl overnight on the news that US and Iran might resume talks ahead of the end of the two-week ceasefire. Amid the additional US blockade of the Strait of Hormuz and an end to the Russian sanctions' waiver that allowed purchasing of oil from Russian tankers already at sea, the oil market seems optimistic that supply constraints will start to ease in the short term. The waiver that allowed purchasing of Iranian oil is set to expire on 19 April, but its significance is reduced due to the ongoing blockade in the Strait," Danske Bank said in a note.In other news, market watchers await the International Monetary Fund's latest world economic outlook report later in the day.Back at home, Academy of Learning Co. (SASE:9541) shares ticked up 0.58% as its Learning Private Schools Co. subsidiary entered a 30-year lease for an educational complex that will be used for private education services.Meanwhile, Saudi Aramco's (SASE:2222) Aramco Digital unit entered a project that will use industrial artificial intelligence of things group Cumulocity's platform to boost its fleet management operations in Saudi Arabia. Shares of the oil giant closed 0.87% lower.

^TASISASE:2222SASE:9541
Equities

Aramco Digital, Cumulocity to Deploy Artificial Intelligence Technology in Gulf

Saudi Arabian Oil (SASE:2222), d/b/a Saudi Aramco, unit Aramco Digital is collaborating with Cumulocity to jointly deliver industrial artificial intelligence of things technology across the Gulf Cooperation Council.As an initial deployment, Aramco Digital is implementing Cumulocity as the core platform for an advanced fleet management program supporting the Saudi energy giant's operations in Saudi Arabia.

SASE:2222
Asia Markets

Tadawul Shares Close Higher as Saudi Arabia Restores Full Capacity of East-West Pipeline

The Tadawul Share Index closed Monday 0.99% higher as the full restoration of oil pumping capacity at Saudi Arabia's East-West pipeline overshadowed the gloom from the results of the US-Iran talks.The damage from attacks last week led to the loss of 700,000 barrels per day in pumping capacity, but the repairs brought the pipeline back to 7 million barrels per day. "This quick recovery reflects the high operational resilience and crisis management efficiency of Saudi Aramco (SASE:2222) and the Kingdom's energy ecosystem as a whole, thereby enhancing the reliability and continuity of supplies to local and global markets, and supporting the global economy," the Saudi Ministry of Energy said in a statement on X.Meanwhile, oil prices rose with news of the US plans to block the Strait of Hormuz. US President Donald Trump said in a Truth Social post that ships to and from the Strait will be potentially attacked."By announcing an impending blockade of the Strait, President Trump may be signaling that he is not prepared to cut his losses just yet. In pursuing this strategy, President Trump may be calculating that China will become more active in negotiations if it faces a cutoff of Iranian cargoes to its refineries," RBC Capital Markets said in a note. "Also, it may prove to be a far more challenging undertaking to blockade Iran than Venezuela, and we would anticipate Tehran will increase attacks on regional energy facilities, including critical derisking infrastructure, if President Trump backs his threat with action."Back at home and on the corporate front, Edarat Communication and Information Technology (SASE:9557) closed flat as its board proposed to repurchase shares, as well as boost its capital to 75.6 million Saudi riyals via bonus share issues.Looking ahead to the rest of the week, the local economic releases calendar's only entries are the March inflation print and wholesale price figures, both on Wednesday.

^TASISASE:2222SASE:9557
Equities

Update: Market Chatter: Saudi Arabia Said to Halve Crude Sales to China in May Amid Middle East War

(Updates to add Aramco's statement)Saudi Arabia will ship 20 million barrels of crude oil to Chinese customers in May, down from 40 million barrels allocated for loading in April, traders familiar with the matter told Bloomberg News.The drop in sales comes after Saudi Arabian Oil Co. (SASE:2222), d/b/a Saudi Aramco, raised official selling prices of its crude amid supply disruptions from the Iran war, according to the report published Monday.Aramco declined to comment when reached by.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

SASE:2222
Equities

Market Chatter: Saudi Arabia Said to Halve Crude Sales to China in May Amid Middle East War

Saudi Arabia will ship 20 million barrels of crude oil to Chinese customers in May, down from 40 million barrels allocated for loading in April, traders familiar with the matter told Bloomberg News.The drop in sales comes after Saudi Arabian Oil Co. (SASE:2222), d/b/a Saudi Aramco, raised official selling prices of its crude amid supply disruptions from the Iran war, according to the report published Monday.Aramco did not immediately respond to' request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

SASE:2222

Showing 121-126 of 126

Track with the FINWIRES app suite

FolioX
FolioX
Track SASE:2222 in your portfolio
WheelAI
WheelAI
Analyze SASE:2222 options with the wheel strategy
StockInsider
StockInsider
See market sentiment on SASE:2222