Saudi Arabia takes orders for new Aramco share sale

DUBAI, June 2 (Reuters): Saudi Arabia added four more banks for its secondary share offering of oil giant Aramco, as the advisers began taking orders on Sunday for the sale that could eventually raise up to $13.1 billion, 4-1/2 years after its record initial public offering.
The Saudi government may sell up to a 0.7 per cent stake in the world's top oil exporter. The banks on the deal will take orders through Thursday and it will price the following day, with the shares expected to start trading next Sunday on Riyadh's Saudi Exchange.
The investment banks added to the deal since it was announced on Thursday are Credit Suisse Saudi Arabia - part of UBS Group - as a domestic bookrunner alongside BNP Paribas, Bank of China International and China International Capital Corporation as foreign bookrunners, according to a stock exchange filing.
Already on the deal were Saudi National Bank's investment banking arm, which is the lead manager as well as global coordinator alongside Citi, Goldman Sachs, HSBC, JPMorgan, Bank of America and Morgan Stanley. Al Rajhi Capital, Riyad Capital and Saudi Fransi are also domestic joint bookrunners.
M. Klein and Company and Moelis are independent financial advisers for the deal.
The deal kicks off as the OPEC+ group of oil producers is set to meet on Sunday to determine output policy, with some ministers meeting in Riyadh, according to OPEC+ sources.