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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