National Commercial Bank, Saudi Arabia’s biggest lender, has ended talks in order to merge with Riyad Bank, a deal that would have created a lender with more than $200 billion in total assets. The boards agreed to terminate talks, according to a statements to the Saudi stock market, without giving further details. Talks between the…
Saudi Arabia has approved the initial public offering (IPO) of the state-owned oil company Saudi Aramco. Only 1% to 3% of the company’s total will be launched to the Saudi stock market. But the large group size, which is estimated to be at least 50% larger than the next largest listed company in the world,…
President´s Brazil Jair Bolsonaro’s upcoming visit to Saudi Arabia demonstrates Brazil’s interest in strengthening economic cooperation and maintaining high-level relations with one of the world’s leading countries. The visit will contribute to the expansion of Saudi investments in Brazil, in sectors such as infrastructure, defense, innovation, energy and agribusiness, as well as encourage Saudi participation…
