Credit Agricole steps back from complete Saudi withdrawal
Credit Agricole’s (CA) long-rumoured sale of part of its stake in Banque Saudi Fransi is now understood to…
Saudi Arabia
Saudi medical group for sale
A rare opportunity to buy into high quality medical assets in Saudi Arabia seems to be presenting itself,…
Middle Eastern banking consolidation accelerates
The consolidation of the banking sector in the Middle East in the face of the impact of enduring…
Credit Ag calls up JP Morgan for Saudi sale
French bank Credit Agricole has appointed JP Morgan to advise on the potential sale of its 31% stake…
RBS eyes major disposal
Royal Bank of Scotland (RBS) is understood to have hired Credit Suisse to help it sell one of…
Uber raises US$3.5bn from Saudi Arabia
US-based Uber has raised US$3.5bn from Saudi Arabia’s Public Investment Fund. Uber’s CEO Travis Kalanick says that as…
Saudi petrochemical firms revive merger
Saudi International Petrochemical Company and Sahara Petrochemicals have held early-stage discussions about reviving a merger plan that they…
Favourite emerges for Al Raya for Foodstuff
Al Raya for Foodstuff Co has seen a front-runner emerge as the leading contender for a majority interest…
Aramco seals rubber deal with Lanxess
Lanxess has ended its year-long quest for a joint venture partner by selling a stake in its synthetic…
Ashmore Group recycles Saudi waste investment
A consortium of Gulf-based investors have paid around US$300m for Global Environmental Management Services, a Saudi-based waste and…
