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17/10/2017 12:37 AST
State-owned Saudi Aramco has asked FTI Consulting to suspend its investor relations advisory work related to the oil company's planned initial public offering, people familiar with the matter told Reuters.
Aramco brought in Brunswick to advice on media relations and appointed FTI Consulting to manage investor relations.
It was not immediately clear why FTI was asked to suspend its work for Aramco, but one of the sources said the latest decision could broaden Brunswick's role beyond media relations.
FTI has been reporting to Aramco head of investor relations Fergus MacLeod, a former group head of strategic planning at BP.
FTI and Brunswick declined to comment on Aramco's move. Saudi Aramco did not respond to a request for immediate comment.
China is offering to buy up to 5 percent of Saudi Aramco directly, Reuters reported this week citing sources, a move that could give Saudi Arabia more flexibility in floating the world's biggest oil producer on the stock market.
Reuters
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Saudi Arabia expects to unveil by the end of June rules to prevent large share price drops in newly-listed companies, the final regulatory step for the listing of oil giant Saudi Aramco, the head of
Arab News
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Petroliam Nasional Berhad (Petronas), the national oil company of Malaysia, and Saudi Aramco, the national oil company of Saudi Arabia, have announced the formation of two joint ventures for the Refi
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Saudi Aramco finalized a deal on Wednesday with Malaysian state energy company Petroliam Nasional Berhad (Petronas) to invest in a refinery project off Malaysia.
The Saudi oil giant agreed
Arab News
Ticker | Price | Volume |
---|---|---|
SABIC | 114.77 | 5,915,941 |
05/04/2018
SABIC announced the successful completion of the pilot operation of the Methyl Methacrylate Monomer (MMA) and Poly Methyl Methacrylate (PMMA) plants and the commencement of commercial operations.
Saudi Gazette
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Standard & Poor’s (S&P) has affirmed QIB’s Issuer Credit Rating at A-, Qatar’s leading Islamic bank has said in a release. According to S&P, the major contributing factors strengthening QIB’s rating
Gulf Times
05/04/2018
Qatar National Bank (QNB) aims to increase its profit by 5-8 percent this year and loans and investments by 10-12 percent, helped by expansion into faster-growing Southeast Asia markets, its CEO told
The Peninsula
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Doha Bank has announced the official inauguration of its Chennai Branch, in the southern Indian state, will be held today. This is Doha Bank’s third city in India after its successful establishment o
The Peninsula
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Bank of Sharjah said it has engaged SHUAA Capital International as liquidity providers for its shares and will commence the activity from April 4. SHUAA Capital International shall not hold more than
Gulf News