| DUBAI, March 23
DUBAI, March 23 Oil giant Saudi Aramco
(IPO-ARMO.SE) has selected Samba Capital as one of two banks to
work as an adviser for its share sale in Riyadh, banking sources
told Reuters on Thursday.
At least six investment banks pitched for a role advising
the world's largest oil producer on its listing on the Saudi
stock exchange in Riyadh, the Tadawul.
Saudi authorities are aiming to list a total of up to 5
percent of Aramco - on the Tadawul and one or more international
markets - in an initial public offering that could raise $100
JPMorgan, Morgan Stanley and HSBC have been
asked to work on Saudi Aramco's global listing, sources familiar
with the matter have told Reuters.
Aramco declined to comment. Samba Financial Group,
the parent of Samba Capital, did not immediately respond to a
request for comment.
(Additional reporting by Reem Shamseddine in Khobar; editing by