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Borouge Q1 net profit $281 million

The total dividend paid to shareholders in 2024 $1.3bn.

Emirates expects first 777X delivery in H2 2026

Boeing had pushed back the first delivery to 2026 from 2025.

Aramco, unit and Sinopec ink $4bn deal

The two companies will establish a joint venture company.

Etihad unveils new A321LR aircraft

A321LR features First Suite - a private, enclosed space with a sliding door.

stc Group Q1 net profit up 11.05%

The Group reported a revenue of $5.12 billion.

Lazard hires Citi Saudi CEO

Al Khatib joined the New York-based bank as CEO in Saudi Arabia in 2021.
By TRENDS Desk
September 17, 2022 9:38 am
  • Citigroup confirmed Al-Khatib's resignation and said that Carmen Haddad will be taking over as acting CEO
  • The Saudi national was a leading figure in Saudi Aramco's initial public offering in 2019, the biggest ever share sale that raised almost $30 billion

Riyadh, Saudi Arabia— Lazard, financial services company, will hire Citigroup’s Saudi Arabia CEO Wassim Al-Khatib to support the boutique firm’s advisory operations in the MENA region.

Al-Khatib is expected to join Lazard as CEO for its MENA financial advisory business, according to the media reports.

Citigroup confirmed Al-Khatib’s resignation and said that Carmen Haddad, vice chairperson for Citigroup Middle East and country officer in Saudi Arabia, will be taking over as acting CEO, as the bank seeks to replace him.

He joined the New York-based bank as CEO in Saudi Arabia in 2021 and was previously head of investment banking at NCB Capital for about 15 years.

The Saudi national was a leading figure in Saudi Aramco’s initial public offering in 2019, the biggest ever share sale that raised almost $30 billion.

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