Reuters reveals that 9 banks have been mandated by Aramco to direct its initial offer

Aramco has mandated nine banks as joint global coordinators to lead its IPO, which is expected to be the largest in the world, two sources close to Wednesday said.

"Aramco selected JP Morgan, Morgan Stanley and the National Commercial Bank of Saudi Arabia, which organized the IPO earlier before its suspension last year," sources said. refused to be named.

"The company has selected Bank of America Merrill Lynch, Goldman Sachs, Credit Suisse, Citibank, HSBC and the Samba Financial Group in Saudi Arabia," said the sources.