It reiterated that pilgrims require a Haj visa and it can be obtained through recognised official channels
The Saudi government said last month it planned to sell a 15 per cent stake in the kingdom’s largest lender to the public this year, a long-awaited move which is likely to result in one of the biggest initial public offerings (IPOs) ever seen in the Gulf region.
For investment banks in the kingdom, the share sale is a must-have mandate to be working on and they were invited by NCB to pitch for the adviser role on the transaction earlier this week, banking sources said.
“A request for proposals (RFP) was sent to a select number of authorised persons to act as the financial advisor for the IPO process as per Capital Market Authority requirements,” said NCB in a statement, referring to the Saudi regulator.
“Once the selection is made, the selected financial advisor will be announced.”
A decision on which bank will work on the IPO is expected soon, given that the government wants to sell the stake before the year end, said one banker who has seen the RFP.
It reiterated that pilgrims require a Haj visa and it can be obtained through recognised official channels
The 18-year-old was taken to hospital in a serious condition
The brothers, who say they are innocent, are accused of having formed an organised criminal network in early 2021 in Romania, as well as in the US and Britain
The left-handed batter scored 3369 runs in 136 one-day internationals and 2893 in 140 Twenty20 internationals — both Pakistan records
Food supplies were distributed to 80 households
On January 31, a heart was airlifted from Delhi to Chennai, paving the way for Ayesha Rashid's life-saving surgery
The online retailer, which is headquartered in Singapore, has said it has around 108 million monthly active users in the 27-nation EU
The baby girl named Rouh, meaning Soul, suffered respiratory problems and a weak immune system, a doctor at the Emirati Hospital in Rafah said