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Katie Paul

Saudi sovereign fund picks Goldman, BAML, Klein for SABIC sale: sources

10 Sep 2018

DUBAI Saudi Arabia's sovereign wealth fund has chosen Goldman Sachs, Bank of America Merrill Lynch and Michael Klein as advisers on its planned sale of a stake in petrochemicals firm SABIC to Saudi Aramco, sources familiar with the process said.

Saudi's PIF selects Goldman Sachs as adviser on SABIC sale -sources

10 Sep 2018

DUBAI, Sept 10 Saudi Arabia's Public Investment Fund (PIF) has selected Goldman Sachs & Co to advise on the sale of its stake in petrochemicals firm SABIC to state oil company Saudi Aramco, two sources familiar with the process told Reuters on Monday.

S&P cuts credit ratings on two Dubai firms, cites weaker economy

05 Sep 2018

DUBAI S&P Global Ratings cut its credit ratings for two Dubai state-owned companies, saying a weakening economy in the emirate was hurting the government's ability to extend emergency support to the firms if needed.

A Canadian tweet in a Saudi king's court crosses a red line

11 Aug 2018

OTTAWA/RIYADH/DUBAI For years, Canadian pressure on human rights in Saudi Arabia had elicited no more than a standard rejection. But all that changed last week, when a Canadian complaint was translated into Arabic and set off a diplomatic row.

Saudi-Canada row could further rattle foreign investors eying kingdom

08 Aug 2018

DUBAI A worsening row between Saudi Arabia and Canada about human rights threatens to undermine Riyadh's foreign investment drive, a campaign already unsettled by a series of assertive political and diplomatic initiatives by the top oil exporter.

Saudi-Canada row could further rattle foreign investors eyeing kingdom

08 Aug 2018

DUBAI A worsening row between Saudi Arabia and Canada about human rights threatens to undermine Riyadh's foreign investment drive, a campaign already unsettled by a series of assertive political and diplomatic initiatives by the top oil exporter.

Owners of Saudi schools operator weigh sale of business: sources

11 Jul 2018

DUBAI The owners of Ma'arif for Education & Training, the largest owner and operator of private schools in Saudi Arabia, are in talks about selling the business, two sources familiar with the discussions told Reuters on Tuesday.

Saudi Aramco restructures non-oil assets ahead of IPO: sources

04 Jun 2018

DHAHRAN, Saudi Arabia/DUBAI Saudi Aramco has created a subsidiary to house its multibillion-dollar pension fund and could spin off its aviation division, sources said, as it restructures some assets not related to oil and gas ahead of its planned initial public offering (IPO).

Chairman of Saudi media group MBC allowed to travel to Dubai

29 May 2018

DUBAI, May 29 Saudi Arabian authorities have allowed MBC Group chairman Waleed al-Ibrahim to leave the kingdom for the first time since he was swept up in an anti-graft purge late last year.

Exclusive: Saudi Binladin Group to be slimmed down, renamed: sources

24 May 2018

DUBAI/RIYADH Saudi Binladin Group will be slimmed down and renamed, six sources familiar with the matter said, after the government seized management control of the construction giant from family members that were swept up in an anti-graft drive.

World News