EFG Hermes advising on $500 million M&A deal in Saudi Arabia, more in pipeline: executive [Reuters]
Eastern Company (The) (EML)
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Source: Reuters
EFG Hermes advising on $500 million M&A deal in Saudi Arabia, more in pipeline: executive | Reuters 3 Min Read DUBAI (Reuters) - Egypt’s EFG Hermes is working on a $500 million merger and acquisition in Saudi Arabia and expects more deals to come out of the kingdom this year, especially from the private sector, its head of investment banking told Reuters. Saudi Arabia has made attracting greater foreign investment a key part of its economic Vision 2030 plan as it tries to diversify the economy away from its reliance on oil. The kingdom’s impending inclusion in the FTSE Russell emerging markets index this month is expected to draw billions of dollars of foreign fund flows. “Saudi I think will be very busy,” Mohammed Fahmi said, on the sidelines of the bank’s investment conference in Dubai which is taking place this week. “I’m seeing a lot of RFPs (request for proposals) coming from Saudi for IPOs... Private sector companies looking to go public, which I think is a valuable thing.” The
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EML
News
- The Eastern Company Declares 335th Consecutive Quarterly Cash Dividend [Yahoo! Finance]Yahoo! Finance
- The Eastern Company Declares 335th Consecutive Quarterly Cash DividendAccesswire
- The Eastern Company Announces Timing of First Quarter Fiscal Year 2024 Earnings Release and Conference CallAccesswire
- With 52% ownership of the shares, The Eastern Company (NASDAQ:EML) is heavily dominated by institutional owners [Yahoo! Finance]Yahoo! Finance
- The Eastern Company Announces Timing of Virtual Annual Meeting of Shareholders Accesswire
EML
Analyst Actions
- 3/21/24 - TheStreet
EML
Sec Filings
- 3/20/24 - Form 4
- 3/19/24 - Form 4
- 3/19/24 - Form 4
- EML's page on the SEC website