DUBAI, Aug 4 Credit Suisse has hired
Khalid Al Ghamdi, currently managing director at Mizuho Saudi
Arabia, as its new Saudi Arabia CEO, two sources close to the
LONDON/DUBAI The Saudi Binladin Group is seeking a financial adviser for a restructuring of the group's debt, which could range between $20 and $30 billion, sources familiar with the matter said.
DUBAI Oman plans to introduce value-added tax in 2021, it said in a document, further delaying a fiscal consolidation measure that economists say could be politically sensitive at a time of sluggish growth and high unemployment.
LONDON/DUBAI United Arab Emirates' Dana Gas has hired investment bank Tudor, Pickering, Holt & Co. (TPH) to advise it on the sale of its Egyptian assets, worth over $500 million, two sources familiar with the matter said, as the company shifts its focus to its Kurdistan operations.
DUBAI Saudi Arabia's Public Investment Fund (PIF) is putting together a $10 billion loan and plans to more than halve the returns it gave banks last year in its first multibillion dollar facility, two banking sources familiar with the matter said.
DUBAI, July 24 The government of Oman has hired
banks ahead of a planned issue of U.S. dollar bonds, its first
this year, as the junk-rated country seeks to cover its
DUBAI Oman's bond investors gained some respite this week as Fitch affirmed its rating for the indebted country and the government published encouraging deficit figures, potentially paving the way for the Gulf oil producer's next debt sale.
DUBAI, July 22 The practice of Gulf banks
clubbing together on debt issues to guarantee demand for major
borrowers is in danger of eroding value for international
investors, banking and market sources said, following a poor
market run for Saudi Aramco's debut bond.
LONDON/DUBAI Boutique investment bank Evercore Partners has lost the chance to retain a prime position as an independent advisor for Saudi Aramco's potential $100 billion share sale, as the oil giant revives its postponed listing, three sources said.
LONDON/DUBAI, July 18 Boutique investment bank
Evercore Partners has lost the chance to retain a prime position
as an independent advisor for Saudi Aramco's potential $100
billion share sale, as the oil giant revives its postponed
listing, three sources said.