Tuesday 27 October 2009

Shuaa Saudi Arabia has secured 4 mandates

Shuaa Capital's SHUA.DU Saudi unit said on Tuesday it has secured four investment banking mandates and is sounding out up to nine further deals in the largest Arab economy.

"The four we have confirmed," Shuaa Saudi Arabia's Chief Executive Omar Jaroudi told the Reuters Middle East Investment Summit in Riyadh, declining to identify the firms.

Shuaa Saudi Arabia was advising one education firm, a retailer on separate merger and acquisition deals, one manufacturer on drawing a business plan and a real estate firm on a private placement, he said.

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