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Two M&A transactions in the pipeline
Egypt-based Medical diagnostic services provider City Lab plans to acquire a 50% stake in the Saudi Egyptian Company for Medical…
Brazil is becoming a big player in our food industry + color on Ma’aden’s very ambitious growth target
Plus: US State Department signs off on USD 2.8 bn defense systems sale to Royal Saudi Air Force
SNB reappoints Saeed Al Ghamdi as chairman + Saudi Industrial Investment Group has a new board
The board also reappointed the PIF’s Yazeed Al Humied as vice chairman
Ma’aden’s net income more than doubles in 1Q 2024
Ma’aden | Ades | Abdullah Al Othaim
Ma’aden and PIF close 10% stake acquisition in Vale Base Metals
The transaction is worth an estimated USD 2.6 bn
Will Opec start easing production cuts in the second half?
Could Saudi turn the World Snooker Championship into a “super event” on par with Wimbledon, French Open?
PIF may tap the int’l debt markets more regularly, move ahead with IPOs as it looks ramp-up pace of investment
The fund’s liquid assets have dropped to USD 15 bn as of September
Riyad Bank’s new CEO assumes duties + Federation of Saudi Chambers named new SecGen
Nadir Al Koraya took over last week
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