Banks and 6 million investors get ready for Aramco’s IPO
%%description%% The Saudi Arabian Monetary Agency (SAMA) examined banks' readiness for the LARGEST-EVER IPO.
Banks and 6 million investors get ready for Aramco’s IPO
Key Takeaways
AIThe Saudi Arabian Monetary Agency (SAMA) examined banks' readiness for the LARGEST-EVER IPO.
As the details of Saudi Aramco's initial public offering (IPO)are approaching, SAMA has examined the readiness of local banks andtheir ability to meet the demand of investors seeking loans to subscribe to thehuge IPO.
More than 6 million corporate and individual investors areinterested in Aramco's IPO, sources told Reuters.
It's noteworthy that Saudi Aramco has picked Lazard andMoelis & Co. earlier to advise on the state-owned oil giant's secondattempt at the world's largest IPO, reported Bloomberg.