EFG advising on USD 500 mn M&A in Saudi, looks forward to more from kingdom

M&A WATCH- Our friends at EFG Hermes are advising on an unspecified USD 500 mn M&A transaction in Saudi Arabia, and are expecting more business to come their way from the kingdom this year, head of investment banking Mohammed Fahmi tells Reuters. The leading investment bank is also advising on a separate IPO in Saudi, but Fahmi gave the newswire no details.