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FGS Global is handling the initial public offering of Luberef, the oil refining unit of the Saudi Arabian Oil Company, that is expected to raise about $1.3B.
The 50M share offer includes the entire 30 percent stake in Luberef that is owned by Jadwa Investments.
Jadwa acquired those shares in 2007 from ExxonMobil.
The IPO is expected to be priced at the higher end of the offering range due to a strong demand for Gulf listings.
Saudi Aramco, which owns a 70 percent stake in Luberef, is not selling any of its shares in the IPO.
Individual investors will get the opportunity to buy Luberef stock, which will list on the Saudi Exchange, beginning December 14.
FGS Global managing director Sophie McNulty and director Ahmed Jebur in the Dubai office handle Luberef.
Gagnier Communications has hired Frontera Energy's Brent Anderson as managing director in Calgary, which is the capital of Canada’s energy sector.
Ogilvy Government Relations has signed on with St. Louis-based Peabody Energy, which is America’s top coal producer.
Steven Soper, a six-year veteran at ExxonMobil who ran its US state government relations practice, has joined FTI Consulting in Dallas.
Rachel Ryan, deputy head of corporate communications at Masdar, the Abu Dhabi Future Energy Company, is joining FTI Consulting in March.
Sarah Venuto, director of external affairs at the Federal Energy Regulatory Commission, will join Cornerstone Government Affairs on Feb. 1, 2023.
