Saudi assigns banks to hold meetings with fixed-income investors

RIYADH, Sept. 25 (Xinhua) -- Saudi Finance Ministry announced on Monday that it has mandated a number of international and local investment banks to organize a series of fixed-income investor meetings, Saudi Press Agency reported.

The meetings commenced on Monday, in which those banks are assigned to manage and arrange an offering of notes under the GMTN Programme established by the Kingdom in October 2016 and updated this month.

The decision was part of a series of steps to diverse economy, including attracting investors to get ready for the post-oil era.