Saudi Arabia's Bank Aljazira has appointed the investment banking arms of Gulf International Bank and Riyad Bank to advise it on a SR3 billion ($800 million) rights issue.
The price and number of shares to
Dubai, the Gulf financial hub, has witnessed an exodus of top talent as big international investment banks return to their pre-boom business model of flying in top advisers from London or Paris only when they are needed, says a report.
Bahrain's sovereign wealth fund Mumtalakat is seeking advisers to help it rebuild the business of state-owned carrier Gulf Air, it said in a statement on Sunday.
It said the consultants would report to the airline's incoming chief