Saudi Arabia is preparing to increase its oil output to regain its market share, with abandoning its required oil price part of the plan.

State oil giant Saudi Aramco has raised US$3 billion from two-part Islamic bonds, or sukuk, tapping the debt markets for the second time this year as it expects to pay huge dividends, mainly to the government.

State oil giant Saudi Aramco has raised $3 billion from two-part Islamic bonds, or sukuk, tapping the debt markets for the second time this year as it expects to pay huge dividends, mainly to the government.

Saudi Aramco raised $3 billion through its dollar Sukuk bond sale, its first such deal since a 2021 debut. The transaction is split between dollar-denominated benchmarks of five and 10-years that comply with Islamic rules,

Saudi Aramco , the state-owned oil company, has tightened the price guidance for its 5- and 10-year dollar bonds, according to a report by IFR on Wednesday.