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
The Abu Dhabi sovereign wealth fund said it will continue working with SoftBank
European banks including Deutsche Bank AG, Societe Generale SA and Barclays Plc are cutting thousands of jobs
The UAE is reportedly set to be removed along with Switzerland and the Marshall Islands
The GCC’s biggest listed banks ranked by total asset size
Kuwait’s biggest listed banks ranked by total asset size
The boutique banks made pitches to Saudi Binladin Group last month for what would be one of the Middle East’s biggest debt revamps
Investment banking fees in the Middle East are lower than in countries like the US
SABB remains the other shareholder in HSBC Saudi Arabia
ADIA and Cinven are weighing a joint bid for KKR’s scientific measurement and testing company LGC Group
The new programme will give loans of up to SAR1.2bn targeting renewable-energy component manufacturers
MSCI will add Kuwait to its main index tracking stocks in emerging markets in June 2020
Aramco is speeding up preparations for the IPO with an aim of listing on the Saudi bourse as soon as November
The firm is targeting a valuation of at least $2 trillion — more than double that of Apple