Hadeel Al Sayegh is Chief Financial Correspondent looking after the Gulf region with over eight years with the global newswire from Dubai.
Since joining Reuters in 2015, Hadeel has led coverage on plans by Saudi Arabia’s Crown Prince Mohammed Bin Salman to float state oil giant Aramco, delivering a series of scoops, initiatives and standbacks on the highly anticipated deal. She also exclusively reported Aramco’s plans to acquire a 70% stake in petrochemical giant SABIC, a deal worth working $69.1 billion which was needed to beef up Aramco’s valuation to the $2 trillion figure being targeted by the prince. Hadeel was first when the prince gave the final green light to bankers to launch the deal.
Hadeel also deeply reported how Prince Alwaleed -Saudi Arabia’s Warren Buffett- had his wings clipped by the country’s sovereign wealth fund taking a minority stake in his Kingdom Holdings, which showed the politics behind investment and economic strategy in the opaque monarchy. Hadeel joined Reuters in Dubai as a company news correspondent and in 2018 shifted to the deals beat, covering mergers and acquisitions, initial public offerings, private equity and Gulf sovereign wealth funds.
Hadeel grew up between Abu Dhabi and Toronto and went to York University, obtaining an honors degree in political science and international relations. She began her career in banking, first with Standard Chartered and then HSBC, before pivoting into journalism after the global financial crisis.
More recently, Hadeel reported on a shift in strategy by Abu Dhabi to invest across the region using sovereign wealth fund ADQ. This showed how the Gulf oil producer was using economic diplomacy to build regional alliances, from Turkey to Israel and Egypt.