Saudi Aramco adds four more banks as IPO underwriters

Saudi Aramco says it has added several more foreign banks as bookrunners for its long-planned, $2trn intial public offering with a listing of 5% of the company's worth. According to Bloomberg, the new banks include Barclays, BNP Paribas, Deutsche Bank and UBS Group, which will join Crédit Agricole, Gulf International Bank and Société Génerale as bookrunners for the huge IPO. Citi, HSBC, Credit Suisse Group, JP Morgan and Goldman Sachs are among the banks already tasked with managing the listing. Representatives from the banks are due to travel to the Middle East for meetings with Saud...