{"id":595542,"date":"2019-09-30T04:13:12","date_gmt":"2019-09-30T04:13:12","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/30\/efg-lands-role-in-saudi-aramco-ipo\/"},"modified":"2019-09-30T04:13:12","modified_gmt":"2019-09-30T04:13:12","slug":"efg-lands-role-in-saudi-aramco-ipo","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/30\/efg-lands-role-in-saudi-aramco-ipo\/","title":{"rendered":"EFG lands role in Saudi Aramco IPO"},"content":{"rendered":"

<\/a> Is EFG getting a slice of the Aramco pie? <\/b>EFG Hermes has reportedly landed a gig as joint bookrunner in Saudi Aramco\u2019s anticipated IPO, according to Bloomberg<\/a>. Our friends will reportedly be working alongside global investment banks Bank of America, Citigroup, Credit Suisse, Goldman Sachs, JPMorgan Chase, and Morgan Stanley, who are serving as joint global coordinators. Sources said last week<\/a> that the oil giant could kick off the process around 20 October ahead of a potential listing on the Tadawul in November, contradicting statements earlier in the week<\/a> that the blockbuster IPO is being shelved due to the recent attacks<\/a> on the company\u2019s facilities.<\/p>\n

Aramco\u2019s post-attack recovery could face new challenges<\/b> as it ramps up production at offshore fields to compensate for the loss of output at Abqaiq and Khurais, writes Bloomberg oil strategist Julian Lee<\/a>. \u201cAll three [alternative] fields produce heavier grades of crude\u2026 Until those two plants are able to operate at their per-attack [sic] levels Saudi Arabia\u2019s crude export slate will remain heavier, on average, than it was last month and the kingdom will likely continue to ask its customers to accept heavier alternatives to the grades they initially sought,\u201d he writes.<\/p>\n","protected":false},"excerpt":{"rendered":"

Is EFG getting a slice of the Aramco pie? EFG Hermes has reportedly landed a gig as joint bookrunner in Saudi Aramco\u2019s anticipated IPO, according to Bloomberg. Our friends will reportedly be working alongside global investment banks Bank of America, Citigroup, Credit Suisse, Goldman Sachs, JPMorgan Chase, and Morgan Stanley, who are serving as joint […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[394,84,93,72,78,91,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-595542","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-aramco","tag-efg-hermes","tag-energy","tag-enterpriseam","tag-ipo-watch","tag-oil-and-gas","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"9063f255-1f76-417e-81bd-034c9d493a4a","is_powered_by":true,"section_story_id":"7419683f-a83b-448e-a82f-0692c8bcdbeb","story_type":"1","photo_url":"","photo_position":"above","related_issue":[595533],"teaser":"","voice_url":""},"yoast_head":"\nEFG lands role in Saudi Aramco IPO - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2019\/09\/30\/efg-lands-role-in-saudi-aramco-ipo\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EFG lands role in Saudi Aramco IPO\" \/>\n<meta property=\"og:description\" content=\"Is EFG getting a slice of the Aramco pie? EFG Hermes has reportedly landed a gig as joint bookrunner in Saudi Aramco\u2019s anticipated IPO, according to Bloomberg. 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The move would make it\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":570245,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/03\/24\/efg-concludes-advising-on-ipo-of-saudi-healthcare-company-sulaiman-al-habib\/","url_meta":{"origin":595542,"position":2},"title":"EFG concludes advising on IPO of Saudi healthcare company Sulaiman Al Habib","author":"enterpriseam admin","date":"24 March 2020","format":false,"excerpt":"EFG concludes advisory on IPO of Saudi healthcare company Sulaiman Al Habib: Our friends at EFG Hermes acted as joint bookrunner on a USD 700 mn initial public offering by Dr. Sulaiman Al Habib Medical Group on the Saudi stock exchange, it said in a statement. 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