for banks. They’ve been negotiating commitments from the billionaire Olayan family, who own a major stake in Credit Suisse Group AG, and Saudi Prince Alwaleed Bin Talal, Bloomberg News reported earlier this month.Aramco representatives have also been seeking investments from the Almajdouie family, who distribute Hyundai Motor Co. vehicles in the kingdom, and members of the Al-Turki clan, people with knowledge of the matter have said.
After senior bankers delivered pitches that Aramco would be able to achieve Crown Prince Mohammed bin Salman’s $2 trillion target with a 5% sale, the Saudi government and Aramco management are frustrated Wall Street’s biggest names were unable to deliver on those ambitions.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Business Maverick: Aramco Failure to Win Foreign Money Makes IPO Local Eventwo years ago, when the initial public offering of Saudi oil giant Aramco held the imagination of foreign investors, President Donald Trump felt compelled to publicly lobby for the share sale to happen in America.
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: Aramco Failure to Win Foreign Money Makes IPO Local Eventwo years ago, when the initial public offering of Saudi oil giant Aramco held the imagination of foreign investors, President Donald Trump felt compelled to publicly lobby for the share sale to happen in America.
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: Cartoon Tuesday with Rico
Source: dailymaverick - 🏆 3. / 84 Read more »
BUSINESS MAVERICK: Listings that keep investors in the loop, and (potentially) the JSE out of itEmerging stock exchange ZAR X celebrated two listings on 14 and 15 November, each with its own unique investment proposition. One is a private equity outfit based in Mauritius and focused on food security, while the other is an investment holding company that plans to unlock more immediate value for its shareholders. It’s game on for the JSE.
Source: dailymaverick - 🏆 3. / 84 Read more »