Oger Telecom backs out of planned IPO

Oger Telecom, a Saudi telecommunications company, has scrapped plans for a $1.25bn (€913m) initial public offering in what would have been the largest in the Middle East.

The Dubai-based company, backed by Middle Eastern conglomerate Saudi Oger, originally postponed its London and Dubai listing in November last year, on the day it was supposed to begin.

WSJ Logo
JPMorgan to Pay $330 Million Over 1MDB TransactionsExternal link

JPMorgan to Pay $330 Million Over 1MDB Transactions