Oman Oil Co-Executes First Blockchain Trade Transaction

Oman Oil and Orpic Group and HSBC Bank Oman SAOG (HSBC Oman) have successfully executed the first blockchain trade finance transaction in Oman.

Aramco Close to Announcing IPO Managers

Saudi Aramco is expected to give lead roles to JPMorgan Chase, Morgan Stanley, and National Commercial Bank (Al-Ahli NCB) for its planned initial public offering (IPO).

Egypt Talks $500 M with HSBC

HSBC Egypt agreed to be the financial consultant to secure a $500 million loan to finance the imports of the market's demands of diesel, benzene and mazut, in addition to paying a part of arrears to IOCs.

HSBC-led Consortium Issues $1B Loan for Petroleum Export Limited

HSBC-led consortium of international and Gulf banks will provide a $1 billion loan for Petroleum Export Limited, which is a subsidiary of the Egyptian General Petroleum Corporation (EGPC).

HSBC to Manage AMOC’s Share Sales

Alexandria Mineral Oils Company (AMOC) has chosen British bank HSBC to manage its share sales on the Egyptian Exchange later this year.

UAE’s Brooge Petroleum Targets 2018 London IPO

Emirati Brooge Petroleum and Gas Investment Co (BPGIC) plans to raise $400 million in capital in an initial public offering (IPO) on the London exchange before the end of 2018.

EGPC Hires HSBC to Raise $1B Loan

The Egyptian General Petroleum Corporation (EGPC) has hired HSBC to arrange a loan of around $1 billion.

Aramco to Raise $10b Prior to IPO

Saudi Arabia’s oil giant Saudi Aramco has hired four banks as advisers to its first bond sale, possibly by June 2017, ahead of a planned initial public offering (IPO) in 2018, in order to raise as much as $10b in bonds in 2017.

Israel’s Leviathan Gas Field Secured $1.75b Financing

The local partners in Israel’s giant Leviathan natural gas field say they have signed commitment letters with two major banks for up to $1.75b in financing.

Cairo Obtained $2.2m Loan for Power Plant

Cairo Electricity Production Company's CEO, Mohamed Mokhtar, stated that the company has finalized a loan of around $2.2m from HSBC bank at an interest rate of 3%. The amount will be used to fund the construction of 6th of October power plant.

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