LONDON/DUBAI Investment banks are scrambling to re-pitch to advise Saudi Aramco on a possible initial public offering, sources familiar with the matter said, with Saudi Arabia's energy minister confirming plans for the listing to proceed in 2020 or 2021.
DUBAI Etihad Airways has appointed former Aer Lingus chief financial officer Andrew MacFarlane as its new group CFO, a spokesman for the Abu Dhabi airline said on Monday.
DUBAI, June 10 Goldman Sachs was the
Saudi market's top broker by trading volumes and value in May,
stock exchange data showed, as foreign banks benefited from a
surge of international money into the kingdom.
DUBAI/ABU DHABI, May 29 Abu Dhabi is creating a
new holding company for seven state-owned firms with operations
ranging from airports to power supply to make it easier for them
to raise debt and improve services, three sources told Reuters.
DUBAI/RIYADH, May 27 Saudi Arabia-based home
disposables manufacturer Napco National is planning a potential
public share sale and has hired the investment banking arm of
Banque Saudi Fransi to advise on the deal, sources told Reuters.
DUBAI Dubai's Emaar Properties has hired advisors including Standard Chartered for the sale of its district cooling business, sources familiar with the situation told Reuters, as part of a broader plan to offload non-core activities.
* Saudi Arabia's main index up more than 10 pct this year
(Updates share price, adds CEO quotes, adds TV)
DUBAI Saudi Arabia's Public Investment Fund (PIF) has attracted only tepid interest in plans for its latest multibillion-dollar debt sale, banking sources say, suggesting the kingdom is losing its appeal for some lenders.
DUBAI, May 20 Oman has hired a group of
international banks including HSBC and Standard Chartered for a
planned bond issue which could go up to $2 billion in size,
sources familiar with the matter said.
BASRA, Iraq/DUBAI Exxon Mobil has evacuated all of its foreign staff, around 60 people, from Iraq's West Qurna 1 oilfield and is flying them out to Dubai, a senior Iraqi official and three other sources told Reuters on Saturday.