IPOs & Markets
Aramco's IPO is the centerpiece of Saudi Arabia's economic transformation drive to attract foreign investment.
The transaction includes investments in 14 portfolio companies across the two funds.
Investors in the credit fund reportedly could not agree on a valuation for a potential deal with NBK Capital Partners.
The fund will be renamed Evercare Health Fund.
The IPO would be the country's biggest since Saudi lender National Commercial Bank raised $6 billion in 2014.
The acquisition makes Careem a wholly owned subsidiary of Uber and will keep the Careem brand and app intact, at least initially.
Among those who left the bank in the past six months include Teddy Kwong, MD and market head for Hong Kong, and Peter Lam, MD and team leader for HK.
Qatar Airways also owns 20% of British Airways-parent International Consolidated Airlines, 49% of Italy's Meridiana, and 9.99% of Hong Kong's Cathay
Naqvi has met limited partners and creditors in an effort to win back their support for a plan to restructure the debt of Abraaj Holdings.
Despite the hurdles presented by Khashoggi's killing, PIF believes Legendary's majority owner, China's Dalian Wanda Group, will be open to a deal.
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