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Saudi Aramco - Jacobs JV

Company Summary

Description

Saudi Aramco entered into an agreement with Jacobs (NYSE:JEC) to form a Saudi Arabia-based joint venture company to provide professional program and construction management (PMCM) services for social infrastructure projects throughout the Kingdom and across the Middle East and North Africa.

Website

http://www.businesswire.com/news/home/201705190057...

Operational Regions

  • Africa
  • Asia

Related Entities

Recent news

  • 7/16/2019 - Saudi Arabia's Sovereign... (subscriber access)
  • 5/22/2017 - Saudi Aramco Reaches... (subscriber access)

Company Transactions

Date: 7/16/2019
Type: Acquisition

SELLERS:
  • Saudi Arabian Oil Co. (Saudi Aramco)
  • Jacobs Engineering Group Inc.
  • Saudi Aramco - Jacobs JV
    • DETAILS:

    VOLUMES: 40 Percent

    NOTES:
    Saudi Arabia's sovereign wealth fund acquired a 40% stake in a joint venture between Aramco and Jacobs, comprised of a 30% stake from Aramco and a 10% from Jacobs.