The final offer price, number of shares to be sold and percentage of the shares to be sold is yet to be determined
Aramco’s shares are likely to start trading in December
Aramco is also considering boosting next year’s dividend to $80bn to win over investors
The initial public offering will happen soon, says energy minister
Saudi Aramco is working toward an IPO that may raise $40bn
The group operates the BinDawood and Danube supermarkets and hypermarkets
Work on the potential share sale in Neopharma is at an initial stage
Thiam to Fink – the who’s who of finance head to the global investment forum slated to be held this week
The bank had announced in April that the outgoing CFO Surya Subramanian will return to Singapore to pursue family interests
The bank completed a three-way merger in May
The global banking and markets and commercial banking units may bear the brunt of the reductions, sources said
A total of $237m has been invested in MENA fintech firms since 2015
A 100 per cent excise tax on tobacco and tobacco products, as well as electronic smoking devices and liquids comes into effect this year
The state-owned oil producer is considering making a formal announcement of the listing plan as soon as the next few weeks
Tech firm to launch service in 2020
The kingdom has already raised $10.9bn of Eurobonds this year
The $250m fund will empower local tech talent with a wider regional focus
UBS has embarked on a sweeping overhaul of its investment bank, in changes that may ultimately eliminate hundreds of positions
The outlook for what could be the largest IPO ever is likely to dominate the Future Investment Initiative at the end of the month
A listing of the oil giant is unlikely before December or perhaps January
The Tadawul All Share Index is down 14 per cent since the end of June
A former Donald Trump national security adviser is among the list of top bankers working on the mega IPO
The lender plans to use the proceeds of the sale to strengthen its capital base and support growth
STV expects venture capital investments in Saudi Arabia alone to grow tenfold by 2025
The payment would represent a fee of about 1 per cent on the $40bn Aramco is seeking to raise
Former CEO Abdul Aziz Al Ghurair has now been appointed chairman
Following the deal, Investcorp will hold 14 per cent equity and a board seat in the Indian apparel company
Market strategists come up with their wildest predictions
About 2 per cent of Aramco may be sold, which could raise $40bn
Aramco is expected to list with a valuation of between $1.1 trillion to $2 trillion later this year