DUBAI, Jan 24 (Reuters) - Saudi Aramco is seeking advisers to arrange debt financing needed for the acquisition of a stake in Saudi Arabian Basic Industries Corp (SABIC), banking sources familiar with the matter said on Thursday.
Aramco did not immediately respond to a request for comment.
One of the sources said banks were expected to submit proposals for the financing by Monday.
The Saudi oil group could borrow as much as $50 billion from international investors to fund the acquisition, sources previously told Reuters. (Reporting by Davide Barbuscia and Hadeel Al Sayegh. Editing by Jane Merriman)