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Morgan Stanley, BofA set to end US banks' IPO drought in Saudi
The two are close to being hired as lead arrangers on the initial public offering of Fawaz Alhokair Group’s malls unit, Muhanad Awad, chief executive officer of FAS Capital, the company’s financial arm, said by phone Tuesday. The IPO may raise as much as $2 billion and will probably take…
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Click here to read the full story: CPI Financial