DUBAI: Saudi Aramco has formally asked major banks to submit proposals for potential roles in its planned initial public offering, two sources said, in what could be the world's biggest IPO.
Work on the deal, which proposed a listing in Riyadh and an international exchange, was halted in 2018 when Aramco began a process to acquire a 70per cent stake in petrochemicals maker Saudi Basic Industries Corp . Some bankers and company insiders say the kingdom should trim its target to around US$1.5 trillion, Reuters reported earlier this month, citing industry and banking sources.
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:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Saudi Aramco asks banks to pitch for roles in planned IPO: sourcesSaudi Aramco has formally asked major banks to submit proposals for potential roles in its planned initial public offering, two sources with ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Saudi Aramco asks banks to pitch for roles in planned IPO: sourcesSaudi Aramco has formally asked major banks to submit proposals for potential roles in its planned initial public offering, two sources with ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Ardmore Medical puts IPO plans on holdARDMORE Medical Group, which specialises in orthopaedic surgery, aesthetics and pain management, on Monday said it has decided to put its IPO (initial public offering) plans on hold in view of 'ongoing developments to its business' and the 'current market conditions and geopolitical climate'. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Crystal Liu unfazed by backlash over support for police crackdown in HKThe 'Mulan' actress asked her critics to unfollow her on social media if they disagree.
Source: YahooSG - 🏆 3. / 71 Read more »
Australia's Pacific role challenged in climate rowWELLINGTON: Influential Pacific island leaders have called for Australia to be ousted from the region's main regional grouping, criticising ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Thousands detained in Kashmir since autonomy stripped: Govt sourcesSRINAGAR, India (AFP) - Thousands of people have been detained in Indian Kashmir over fears of outbreaks of unrest after New Delhi stripped the restive region of its autonomy two weeks ago, government sources told AFP.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »