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The
trio join Moelis & Co <MC.N> and Evercore <EVR.N>, which have
been appointed independent financial advisers, one source said
of what is expected to be the world's biggest share sale.
The Saudi authorities aim to sell up to 5 percent of Aramco,
listing the shares in Riyadh and at least one foreign exchange
to raise cash for investment in new industries in a bid to
diversify away from oil exports in an era of cheap crude.
Aramco has appointed Saudi Arabia's NCB Capital <1180.SE> and
Samba Capital <1090.SE> as local advisers, the sources said.
Reuters previously reported that JPMorgan, Morgan Stanley,
Moelis and Evercore had been asked to work on the global
listing, while HSBC was a leading contender to join them. Samba
Capital was earlier named as one of two local advisers.
One source said all the banks had now been "onboarded", a term
indicating they had been fully briefed on the IPO process, and
had been tasked with work that includes helping ensure systems
on the Saudi stock exchange, the Tadawul, can be integrated with
a foreign exchange.
Saudi Aramco has yet to pick a foreign site to list.
When asked for comment, Saudi Aramco said it did not respond to
rumor or speculation. Officials at NCB Capital were not
immediately available and other banks have previously declined
to comment on their role.
(Reporting by Ron Bousso in London,; David French in New York,
Davide Barbuscia in Dubai, with additional reporting by Reem
Shamseddine in Khobar, Saudi Arabia; Writing by Tom Arnold;
Editing by Edmund Blair)
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