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HSBC, GIB Said Close to Mandate for $4 Billion Saudi Bank IPO
HSBC Holdings Plc and Gulf International Bank BSC are frontrunners to arrange the largest share sale in Saudi Arabia in at least 12 years, according to three people familiar with the matter. A formal decision on the mandate to lead the initial public offering of National Commercial Bank, the kingdom’s…
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Click here to read the full story: Bloomberg Business Week