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Saudi Aramco Prepares for IPO

The Saudi Arabian state owned oil company Saudi Aramco

Saudi Arabia Saudi Arabia

The Saudi Arabian state owned oil company  Saudi Aramco (ARMCO) (Currently Privately Held) is moving forward with its projected IPO ( Initial Public Offering ). In preparation it has been reported that Aramco has chosen HSBC Holdings (HSBC), JP Morgan (JPM) and Morgan Stanley (MS), in addition to previously announced Moelis and Evercore, NCB and Samba Capital as its Financial Advisors for the IPO.

There is no word yet as to where the stock will be listed or as to the date of the IPO.

We will bring more news as it develops

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