Surprising no one, Aramco is still the hot topic in Saudi for the foreign press. News of Aramco completing its follow-on offering yesterday is getting coverage from Reuters, AFP and others. Reuters is also putting the offering — which took a year in the making — in perspective and how the sale largely dominated by foreign investors would have been “a far cry from five years ago” where Aramco’s blockbuster IPO in 2019 was left reliant on local buyers.

IN CONTEXT- Saudi is looking to tap new pockets to fund the economy’s diversification away from oil and plug the government’s budget deficit.

Neom’s The Line also got a mention in The New York Times, in which guest columnist Philip Oldfield is the latest to opine on the project’s sustainability and affordability. Neom officials have repeatedly assured contractors and bankers that the buildout of the city was proceeding on schedule.

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