Banks and 6 million investors get ready for Aramco’s IPO

The 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 and their ability to meet the demand of investors seeking loans to subscribe to the huge IPO.

More than 6 million corporate and individual investors are interested in Aramco’s IPO, sources told Reuters.

It’s noteworthy that Saudi Aramco has picked Lazard and Moelis & Co. earlier to advise on the state-owned oil giant’s second attempt at the world’s largest IPO, reported Bloomberg.

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