Saudi Aramco adds four more banks as IPO underwriters

clock • 1 min read

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...

To continue reading this article...

Join International Investment

Join International Investment today

Unlock members-only benefits:

  • Unlimited access to real-time news, industry insights, video features and market intelligence
  • Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
  • Members-only access to the Editor’s weekly news roundup newsletter
  • Members-only access to analysis via our exclusive industry polls
  • Be the first to hear about our events and awards programmes

Join now


Already a International Investment member?


Author spotlight

Christopher Copper-Ind

Christopher Copper-Ind is editor-in-chief of International Investment. Before this, he was editorial director of The Business Year, from 2014 to 2017.