Fertiglobe IPO set for $6bn valuation as subscription ends
Fertiglobe, the fertilizer firm, is all set to earn a $6 billion valuation as 114.6 million shares were allocated on the Abu Dhabi stock market.
Abu Dhabi’s Mubadala and Trafigura Group to sell Spanish mining complex for $1.87bn
Abu Dhabi’s sovereign investor Mubadala Investment Company and global commodities trader Trafigura Group will sell the Minas De Aguas Teñidas (MATSA) mining complex in Spain.
Blackstone looks to buyout Dubai-based VFS Global for $1.2bn
Blackstone, the US-based alternative investment management company, is in discussion with VFS Global, the Dubai-based visa outsourcing company, to buy it out for $1.2 billion.
Riyadh eyes top 10-city league with $440bn makeover
As part of its grand "Riyadh Strategy," the kingdom will give the city a complete makeover, building satellite townships, new airports, blocks of residential apartments, commercial space, a broad network of transportation, including subways, swaths of landscape covered in green, adequate supply of drinking water, and much more.
Private investors set to inject $7.3bn in Saudi health
Saudi Arabia is aiming to lure private investors into the health sector of the kingdom with its plan to take private participation from 25 percent to 35 percent by 2030.
Saudi Arabia to ally with global players to tap $20b cultural wealth
Looking to tap into its pristine cultural wealth, Saudi Arabia is planning to partner with global players, including international museums, to generate about $20 billion in revenues, and create 100,000 jobs.
