Saudi Aramco hires nine banks to manage listing
Saudi Arabia plans to list 1% of the state oil giant — the world's largest oil firm — on the Riyadh stock exchange before the end of 2019 and another 1% in 2020
11 September 2019 - 17:30
Dubai — Saudi Aramco has hired nine banks as joint global co-ordinators to lead its planned initial public offering (IPO), slated to be the world's largest, two sources familiar with the matter said on Wednesday.
The mandates have been heavily sought by the world's biggest investment banks for a transaction which, according to Saudi prince Mohammed bin Salman's initial plans, could generate about $100bn for Saudi Arabia's state coffers...
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