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Saeed Azhar

Saudi Aramco's bookrunners recommend pricing IPO at top end: sources

04 Dec 2019

RIYADH/DUBAI Saudi Aramco's bookrunners have recommended pricing its initial public offering at 32 riyals ($8.5) per share, the top of an indicative price range, three sources familiar with the deal said, potentially making it the world's biggest IPO.

Emirates NBD has cut over 400 jobs since October - sources

28 Nov 2019

DUBAI Dubai's largest bank, Emirates NBD , has cut between 400 and 500 jobs since October, sources familiar with the matter said, as banks in the United Arab Emirates (UAE) reduce costs amid slower economic growth.

Emirates NBD has cut over 400 jobs since October - sources

28 Nov 2019

DUBAI, Nov 28 Dubai's largest bank, Emirates NBD , has cut between 400 and 500 jobs since October, sources familiar with the matter said, as banks in the United Arab Emirates (UAE) reduce costs amid slower economic growth.

Gulf state investors step in to help Aramco hit IPO target: sources

27 Nov 2019

DUBAI/ABU DHABI Saudi Arabia's wealthy Gulf neighbors plan to invest in the initial public offering (IPO) of Saudi Aramco, sources familiar with the matter said, helping out Riyadh as it strives to raise $25.6 billion from a domestic listing of the state oil giant.

Abu Dhabi sovereign fund weighs investment of at least $1 bln in Aramco IPO -sources

27 Nov 2019

DUBAI/ABU DHABI, Nov 27 Abu Dhabi Investment Authority (ADIA) is weighing an investment of at least $1 billion in the initial public offering (IPO) of Saudi Aramco, which is relying mainly on Saudi Arabian and Gulf investors to raise up to $25.6 billion, five sources familiar with the matter said.

Saudi Aramco meets ADIA, Abu Dhabi funds in IPO pitch: sources

25 Nov 2019

ABU DHABI/DUBAI Saudi Aramco's executives met officials of Abu Dhabi Investment Authority (ADIA) on Monday to discuss a potential investment in the oil giant's share sale that could raise as much as $25.6 billion, three sources familiar with the talks said.

Aramco IPO banks face pared payday of $90 million or less: sources

19 Nov 2019

By Saeed Azhar, Hadeel Al Sayegh, Rania El Gamal and Clara Denina

Aramco IPO banks face pared payday of $90 million or less - sources

19 Nov 2019

By Saeed Azhar, Hadeel Al Sayegh, Rania El Gamal and Clara Denina

Saudi Aramco in race for IPO record with $1.7 trillion top value

18 Nov 2019

DUBAI Saudi Aramco is worth up to $1.7 trillion at the price range set by the oil giant on Sunday, below the $2 trillion sought by Saudi's crown prince but putting it in the running to become the world's biggest IPO. | Video

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