Monday 1 September 2014
 
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Hinduja Group

Saudi firm to buy out partner's share in Petromin

Saudi Arabian family firm Dabbagh Group is in the advanced stages of buying out its Indian partner's stake in a lubricant venture in the kingdom, a deal prompted by strategy differences between the partners, three sources aware of the matter

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Indian auto major to open RAK assembly plant

India's Hinduja Group flagship Ashok Leyland on Thursday will inaugurate a vehicle assembly plant in Ras al Khaimah Investment Authority (Rakia). The plant will be inaugurated by Sheikh Saud Bin Saqr Al Qasimi, Ruler of Ras Al Khaimah

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$1bn Petromin Saudi IPO planned

India's Hinduja Group plans to launch the initial public offering in Saudi Arabia, of its subsidiary Petromin, to raise $800 million to $1 billion this year, a group official said on Wednesday. Lubricants maker Petromin is an equal joi

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