-- Kuwait Finance House KSCP has been exploring the purchase of a significant stake in Saudi Investment Bank as dealmaking activity heats up in the Middle East, according to people familiar with the matter.The Kuwaiti lender has been studying a potential investment to help bolster its regional presence, the people said, asking not to be identified as the information is private.Shares of Saudi Investment Bank jumped as much as 4.9% in Riyadh trading Tuesday. They were up 0.2% at 1:23 p.m.
Deliberations are ongoing and there’s no certainty they will result in a deal, according to the people. A spokesperson for Saudi Investment Bank didn’t respond to requests for comment. Saudi Investment Bank previously counted JPMorgan Chase & Co. as one of its biggest shareholders until the US bank sold off its stake in 2018.Chinese developer Shimao sweetens debt revamp terms ahead of liquidation hearing, sources say
Getchell Gold Corp. is pleased to announce the engagement of Forte Dynamics, Inc., of Fort Collins, Colorado to prepare a preliminary economic assessment on the Fondaway Canyon gold project in Nevada .If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for... -- Nvidia Corp. is the most expensive stock in the S&P 500 Index, with its shares trading for roughly 23 times the company’s projected sales over the next 12 months.
Singapore Singapore Latest News, Singapore Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: BNNBloomberg - 🏆 83. / 50 Read more »