Financial and Banking News
Saudi Investors Buy $100mn Equity Stake in Saks from Investcorp
United Saudi Commercial Bank (United) has arranged the purchase by a group ofSaudi investors of a $100mn equity tranche in Saks Fifth Avenue. The investorsare led by Prince Walid ibn Talal, the Chairman of United. The stake in Saks wasbought at par from Investcorp, the Bahrain-based investment bank, which had beenleft with it after a $300mn equity offering...