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
E20. is geared specifically towards entrepreneurs and SMEs
The emirate is taking advantage of investor demand for high-quality debt
Saudi Arabia’s biggest listed banks ranked by total asset size
The emirate plans to sell benchmark-sized dollar-denominated bonds in three maturities
Global Financial Centres Index ranks Dubai as the world’s eighth most-important financial centre – its highest ranking ever
Saeed Al Awar will manage about a dozen bankers with Edoardo Fassati who recently relocated to London
The most important institutions today are more resilient to shocks, finds new report
Between 80 to 100 people are expected to accept the offer via a voluntary redundancy programme
Aramco aims to stick to its schedule for planned analyst presentations and hasn’t told banks of any plans to delay the IPO
Without outside assistance, Lebanon, which has a debt-GDP ratio of more than 150 per cent, may struggle to avoid a default
The UAE’s central bank lowered the repo rate and its certificates of deposit rate by a quarter percentage point
The kingdom has used oil reserves to fill the gap during the past few days
The company is ready to do it any time in the next 12 months, says chairman
The centre offers fintech firms subsidised licensing options and access to a $100m fintech fund
The Tadawul All Share Index fell as much as 3.1 per cent
The combined entity will potentially become the Gulf’s sixth-biggest lender with $100bn in assets
Longevity, relevance and economic robustness play a crucial role
MoneyGram CEO Alexander Holmes and chief revenue officer Grant Lines explain the role of emerging technologies in their business
Customers will be able to discuss their account details and other banking matters with Alexa
CEO Amin Nasser said earlier Tuesday that Aramco is going to sell shares “very soon”
Only Kuwaiti citizens will be eligible to buy the shares
The kingdom is aiming to raise at least 1 per cent to 2 per cent of Aramco from these investors, according to sources
The company will launch funds that will invest in fixed income, private capital, venture capital, trade finance and infrastructure