SAMA deputy governor says Saudi banks able to accommodate Aramco IPO

Ayman Alsayari, deputy governor of the Saudi Arabian Monetary Authority (SAMA), said that there’s no doubt local banks have the capacity for Aramco’s initial public offering (IPO).

He told Al-Ekhbariya channel that SAMA is working closely with the related authorities, noting that Saudi banks have a high financial position and reassuring indicators.

On Thursday, King Salman issued a royal decree appointing Ayman bin Mohammed bin Saud Alsayari as SAMA’s deputy governor.