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Wednesday, 2 May 2018

HSBC mandated on several privatizations in Saudi Arabia: executive | Reuters

HSBC mandated on several privatizations in Saudi Arabia: executive | Reuters:

"British bank HSBC (HSBA.L) has been mandated for several privatizations in Saudi Arabia and will announce them very soon, a senior bank executive said on Wednesday.

The Saudi government is working on a pipeline of privatizations as part of economic reforms aimed at diversifying the economy away from oil.

Speaking at a business conference in Riyadh, Samir Assaf, HSBC’s chief executive of global banking and markets, said HSBC was “very much contributing to the privatization program”."



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