Saudi Aramco reportedly adds Barclay and Deutsche as IPO bookrunners
The company is moving ahead with the IPO despite recent attacks on its oil infrastructure
Saudi Aramco has reportedly included Barclays, BNP Paribas SA, Deutsche Bank AG, and UBS Group AG as bookrunners on its initial public offering, Bloomberg reported, citing anonymous sources.
The company had already selected Bank of America, Citigroup, Credit Suisse Group, Goldman Sachs Group, JPMOrgan Chase, and Morgan Stanley for senior positions in the IPO.
Now it is filling junior roles, and has also added Credit Agricole, Gulf International Bank and Societe Generale, according to Bloomberg.
Despite attacks on its Abqaiq and Khurais facilities, which temporarily cut its production in half, Saudi Aramco appears to be moving ahead with the planned IPO.