Edition:
United Kingdom

Davide Barbuscia

UPDATE 2-Saudi Arabia sells $2.5 billion sukuk, gets hefty demand

22 Oct 2019

DUBAI, Oct 22 Saudi Arabia sold sukuk, or Islamic bonds, worth $2.5 billion on Tuesday after receiving large demand for its first international debt sale since an assault on its oil facilities last month.

Oman's OCTAL seeks adviser ahead of possible capital raising: sources

15 Oct 2019

DUBAI Omani plastics packaging manufacturer OCTAL has asked banks to pitch for an advisory role ahead of a potential capital raising through an equity sale, three sources familiar with the matter told Reuters.

Exclusive: Saudi central bank vets local lenders ahead of Aramco IPO – sources

08 Oct 2019

RIYADH/DUBAI The Saudi central bank is vetting local lenders' exposure to Saudi Aramco ahead of an initial public offering (IPO) of the state-oil giant that will likely see large numbers of Saudi investors seek loans to buy its stock, three sources familiar with the matter said.

UPDATE 2-Saudi economic growth slows sharply in Q2, raising recession risk

30 Sep 2019

DUBAI, Sept 30 Saudi Arabia's economy slowed sharply in the second quarter amid oil output cuts by the world's largest crude exporter, government data showed on Monday, raising fears of an economic contraction this year.

Fitch cuts Saudi credit rating citing 'risk of further attacks'

30 Sep 2019

DUBAI Rating agency Fitch downgraded Saudi Arabia's credit rating to A from A+ on Monday, citing rising geopolitical and military tensions in the Gulf following an attack on its oil facilities and a deterioration of the kingdom’s fiscal position.

Aramco picks SMBC Nikko Securities as first Japanese bookrunner for IPO-sources

26 Sep 2019

DUBAI Saudi Aramco has chosen SMBC Nikko Securities as a bookrunner for its initial public offering (IPO), the first Japanese financial firm to grab a role in the mega deal, three sources familiar with the matter said.

Saudi Aramco seeks project finance loan of more than $1 billion: sources

25 Sep 2019

DUBAI Saudi Aramco has asked banks to submit proposals for a project finance loan of more than $1 billion, two sources with direct knowledge of the matter said.

Saudi Aramco seeks project finance loan of more than $1 bln-sources

25 Sep 2019

DUBAI, Sept 25 Saudi Aramco has asked banks to submit proposals for a project finance loan of more than $1 billion, two sources with direct knowledge of the matter said.

Saudi Aramco IPO unlikely to happen this year after oil attacks – sources

24 Sep 2019

DUBAI/LONDON/RIYADH Saudi Arabia is unlikely to list its state-owned oil giant Aramco this year after attacks this month on its facilities, two sources with direct knowledge of the company's thinking said.

Saudi Aramco IPO unlikely to happen this year after oil attacks – sources

24 Sep 2019

DUBAI/LONDON/RIYADH, Sept 24 Saudi Arabia is unlikely to list its oil giant Aramco this year after attacks earlier this month on oil facilities, two sources with direct knowledge of the company's thinking said.

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