Deals
Every Banker in the World Is Chasing the Saudi Aramco Deal
- Top executives are putting Riyadh on their itineraries
- Saudi investment-banking fees jumped by almost a third
Saudi Aramco plant in Haradh, Saudi Arabia.
Source: AFP via Getty ImagesThis article is for subscribers only.
When news broke in January that Saudi Arabia was considering an initial public offering of its state-owned oil company, the first reaction on Wall Street was shock. Then calls began pouring into Dubai -- the Middle East’s financial hub -- from senior bankers in London and New York.
QuickTake Saudi Arabia’s Strains