After Abu Dhabi snubbed the US bank for its involvement in the 1MDB scandal, Goldman Sachs eyes Saudi Arabia.
Aramco is reportedly concerned about Reliance’s proposal to shift some debt of the wider group to its refinery business ahead of the transaction.
The Middle East’s financial-services industry is witnessing a wave of consolidation as banks seek ways to improve competitiveness and boost capital.
An unprecedented wave of consolidation hits the region’s financial industry.
The wealth fund is looking for a bridge loan that would be repaid with proceeds from the $69.1 billion sale of its stake in SABIC to Saudi Aramco.
The sovereign wealth fund is considering what to do with the asset, including selling a stake to a Canadian pension fund or another company in the ind
IPOs & Markets
The Abu Dhabi-based hospital operator is also evaluating listing in the U.S. or Singapore and will decide closer to the IPO.
IMG Worlds of Adventure, which cost about $1 billion to build, opened in 2016 and stretches across 1.5 million square feet.
Citigroup Inc., Samba Financial Group and Mitsubishi UFJ Financial Group Inc. were also among banks that participated.
Saudi Arabia set up the National Center for Privatization in 2017 and hopes to generate about $11 billion by 2020 through the sale of stakes in utilit
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