Sources: Saudi Aramco delegates 9 banks to lead roles in its initial offering
Economy News _ Baghdad
Saudi Aramco has mandated nine banks as joint global coordinators to lead its initial public offering, according to two sources familiar with the matter.
Aramco chose JP Morgan, Morgan Stanley and the National Commercial Bank of Saudi Arabia, the sources said.
They also chose Bank of America Merrill Lynch, Goldman Sachs, Credit Suisse, Citi, HSBC and Saudi Samba Financial Group.
Those companies and Aramco did not comment on the news.