JPMorgan, Morgan Stanley, Goldman Sachs are among the banks to have been chosen to underwrite the listing of Saudi Aramco
Global investment bankers launched the underwriting process for the initial public offering of Saudi oil giant Aramco in Dubai on Thursday, a sign financiers who shunned the kingdom in the immediate aftermath of the murder of journalist Jamal Khashoggi are turning the page.
Government-owned Saudi Arabian Oil Co. has so far chosen nine banks to underwrite its listing: JPMorgan Chase & Co., Morgan Stanley, Goldman Sachs Group Inc., Bank of America Merrill Lynch, Citigroup Inc., HSBC Holdings PLC, Credit Suisse Group AG and...
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