Banks mull Saudi commitments after hopes dashed for bumper year

High hopes for a bumper corporate finance year in Saudi Arabia have been dashed by the pulled Aramco IPO, the blockade of Qatar and the murder of journalist Jamal Khashoggi, writes David Rothnie.

  • By David Rothnie
  • 28 Nov 2018

Having spent the previous two years recruiting staff, opening offices and launching a charm offensive to be part of Crown Prince Mohammed Bin Salman’s planned $2tr transformation of Saudi Arabia’s economy, the world's investment banks have found 2018 to be a terrible anti-climax.

In August Saudi Arabia postponed ...

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4 Barclays 258,537.34 976 6.04%
5 Goldman Sachs 227,890.51 774 5.33%

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4 SG Corporate & Investment Banking 38,348.83 146 5.17%
5 Credit Agricole CIB 38,097.35 189 5.14%

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