Sunday 13 July 2014

Dabbagh plans stake sale in lubricants arm

Saudi Arabia's Dabbagh Group is planning to sell a 19 percent stake in its lubricants business Petromin ahead of a potential public offering of the unit in 2015, banking sources aware of the matter said on Monday. Proceeds fro


Hinduja weighs sale of share in Saudi venture

  A unit of Indian conglomerate Hinduja Group has hired Deutsche Bank to consider options for a 49 percent stake in a Saudi lubricants venture valued at up to $700 million, three sources said.   Jed


Dabbagh to sign packaging JV with US firm

National Scientific Company (NSC), a subsidiary of Saudi-based Dabbagh Group Holding, will establish a flexible products joint venture (JV) with US-based Greif, a leader in industrial packaging services. Greif will manage the JV, 50 per ce

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