Saudi Kingdom Holding CEO says didn't buy Aramco bonds

The company is exiting some mature assets, while also wants to monetise its real estate portfolio, said Talal Ibrahim al-Maiman

  
Information on shares of investment firm Kingdom Holding is seen on a building in Riyadh, Saudi Arabia, January 30, 2018. Image for illustrative purposes.

Information on shares of investment firm Kingdom Holding is seen on a building in Riyadh, Saudi Arabia, January 30, 2018. Image for illustrative purposes.

REUTERS/Faisal Al Nasser

ABU DHABI- Prince Alwaleed bin Talal's firm Kingdom Holding Co did not buy bonds of Saudi Aramco, its chief executive Talal Ibrahim al-Maiman said on Wednesday.

He added that the yield on the bonds was "a bit lower" than what Kingdom would expect.

Saudi Aramco raised $12 billion with its first international bond issue after receiving more than $100 billion in orders, a record breaking vote of market confidence for the oil giant.

Maiman, who was speaking at a conference in Abu Dhabi, said Kingdom has signed term sheets for a $1 billion loan with three international and two local banks.

He also said the company is exiting some mature assets, while also wants to monetise its real estate portfolio.

(Reporting by Hadeel Al Sayegh, writing by Saeed Azhar, editing by Davide Barbuscia) ((Saeed.Azhar@thomsonreuters.com; +971 44536787; Reuters Messaging: saeed.azhar.reuters.com@reuters.net))

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