Exclusive: HSBC gets top adviser role in Qatar for first time since Gulf row - sources - Reuters:
HSBC has been hired by a state-controlled port operator in Qatar, QTerminals, to coordinate a $500 million loan, sources familiar with the matter said, securing its first mandate as top adviser for a deal in Qatar since a regional rift between Doha and its neighbors erupted.
The London-listed bank — along with other lenders — was caught up in Qatar’s dispute with its neighbors Saudi Arabia, United Arab Emirates, Bahrain and Egypt, which in 2017 cut diplomatic and transport ties with Qatar accusing it of financing terrorism, a charge Doha denies.
Along with other banks, it side-stepped high-profile Qatar deals in the aftermath of the diplomatic crisis and prioritized business in Saudi Arabia, where it has a strong presence, as the kingdom promised a slate of deals as part of its efforts to open and transform the economy in an era of lower oil prices.
No comments:
Post a Comment