Banks involved in the arrangement of Saudi Aramco's initial public offering may share "tiny proportions" of the fees payable for managing the flotation process, Reuters reported on Wednesday.
One-fifth of the money payable to investment banks, estimated to be around $200 million, will be proportionally shared between them, sources told Reuters.
Global banks are competing aggressively to win part of the deal, which will entail further business opportunities in the future. JP Morgan, Morgan Stanley, and HSBC have been appointed global coordinators so far. More banks are expected to join in.
Argaam Investment Company has updated the Privacy Policy of its services and digital platforms. Know more about our Privacy Policy here.
Argaam uses cookies to personalize content, to provide social media features and analyze traffic, that we might also share with third parties. You consent to our cookies if you use this website
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}