1Mdb, Goldman Sachs, Saudi Aramco

1Mdb, Goldman Sachs

As 1MDB scandal drags on in Malaysia, Goldman already chasing Saudi’s Aramco IPO | Malay Mail

As 1MDB scandal drags on in Malaysia, Goldman already chasing Saudi’s Aramco IPO

10.9.2019

As 1MDB scandal drags on in Malaysia, Goldman already chasing Saudi’s Aramco IPO

KUALA LUMPUR, Sept 10 — US investment giant Goldman Sachs is a frontrunner to lead Saudi Arabia’s market offering of its state oil firm, Saudi Aramco , courtesy of a charm offensive since its role in the global 1MDB corruption scandal was exposed. According to Bloomberg, Goldman is leveraging...

KUALA LUMPUR, Sept 10 — US investment giant Goldman Sachs is a frontrunner to lead Saudi Arabia’s market offering of its state oil firm, Saudi Aramco, courtesy of a charm offensive since its role in the global 1MDB corruption scandal was exposed.

“Saudi Arabia is a goldmine of potential investment banking revenues for Goldman Sachs in the Middle East,” Gary Dugan, chief executive officer of Singapore-based Purple Asset Management Pte, was quoted as saying.

Two former Goldman bankers have already been charged in connection to the case, with one, Tim Leissner, pleading guilty last year.

Mubadala Investment Co, a central entity in the 1MDB scandal, publicly blacklisted Goldman Sachs this year and the US investment bank is purportedly being the subject of an informal snub by local lenders and state bodies.

Prior to her appointment, Powell reportedly had no banking experience and only obtained the necessary credentials this year.

Read more: Malay Mail

Goldman leaders court Saudis over Aramco IPO after 1MDB falloutDUBAI/ LONDON: Goldman Sachs Group Inc. is tapping its upper echelons to navigate a notoriously complicated region where it has stumbled of late: the Middle East.

Kes 1MDB: Saksi beritahu misi rahsia ke China arahan Najib | The Malaysian InsightTugasan itu bagi menawarkan projek kepada syarikat China sebagai pertukaran membantu 1MDB menyelesaikan hutangnya.

Of secret missions, backroom deals: Najib’s ex-aide laid it out in 1MDB trial | The Malaysian InsightOf secret missions, backroom deals: Najib’s ex-aide laid it out in 1MDB trial

Goldman leaders court Saudis over Aramco IPO after 1MDB falloutDUBAI/ LONDON: Goldman Sachs Group Inc. is tapping its upper echelons to navigate a notoriously complicated region where it has stumbled of late: the Middle East.

JPMorgan close to winning lead advisory role for Saudi Aramco IPOAramco has asked major banks to submit proposals for potential roles in its planned IPO, with the possibility of JPMorgan leading the way. FMTNews

Saifuddin in China until Friday for working visit | The Malaysian InsightThis shows Malaysia’s commitment to strengthen already strong ties with China, says Wisma Putra.

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