Saudi Aramco listing lures i-banks with prospects of game-changing deals

Brand logo of Aramco

Investment banks are jostling to take part in the listing of a chunk of Saudi Arabia’s state-owned oil giant Aramco as a portal to the lucrative deals they expect to flow from the kingdom’s plan to revamp its economy.

The prospect of new business will offer a respite for investment banks, struggling with dwindling revenue as the global economy slows and regulation eats away at their business.

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