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RBC, Santander, Mizuho Said to Win Coveted Roles on Aramco IPO

  • BOC International, SMBC also among 15 bookrunners on deal
  • Oil giant pushing ahead with plans to list as soon as November
Crude oil storage tanks stand in the Juaymah tank farm at Saudi Aramco's Ras Tanura oil refinery and terminal at Ras Tanura, Saudi Arabia.
Photographer: Simon Dawson/Bloomberg
Updated on

Royal Bank of Canada, Banco Santander SA and Japan’s Mizuho Financial Group Inc. are among banks that have secured bookrunner roles on Saudi Aramco’s initial public offering, people with knowledge of the matter said.

Chinese investment bank BOC International Holdings Ltd. and Tokyo-based Sumitomo Mitsui Financial Group Inc. are also among 15 joint bookrunners chosen by Aramco, the people said. Middle Eastern firms Saudi Fransi Capital, Al Rajhi Capital, Riyad Bank and EFG Hermes were also picked, the people said.