Why Does Saudi Aramco Need to Issue a Bond?

The transcript discusses Saudi Aramco's financial strategies, including its bond issuance and plans for the world's largest IPO. The company is diversifying away from oil, investing in renewable energy, and increasing transparency to attract international investors. Recent meetings with banks indicate progress towards the IPO, expected in mid-2018. Aramco is preparing internally for investor inquiries and has numerous initiatives planned for the next 12-18 months.

Why is Saudi Aramco considering issuing bonds despite having strong cash flow?

• To increase its cash reserves

• To pay off existing debts

• To invest in renewable energy and diversify

• To finance its existing oil operations

What is one of the main reasons for Saudi Aramco's move towards transparency?

• To comply with government regulations

• To improve its public image

• To reduce operational costs

• To attract international investors for its IPO

What is Saudi Aramco preparing for by becoming more transparent?

• A government audit

• A merger with another oil company

• An IPO roadshow

• A new product launch

What recent steps has Saudi Aramco taken towards its IPO?

• Launched a new marketing campaign

• Appointed financial advisors

• Acquired a renewable energy company

• Opened new oil fields

When is Saudi Aramco's IPO expected to take place?

• Early 2018

• Mid 2018

• Late 2018

• Early 2019