Last updated: 9 October, 2019

Saudi central bank vets local lenders ahead of Aramco IPO

The Saudi central bank is vetting local lenders’ exposure to Saudi Aramco ahead of an initial public offering of the state oil giant that will likely see large numbers of Saudi investors seek loans to buy its stock, three sources familiar with the matter said. The Saudi Arabian Monetary Authority, or SAMA, contacted Saudi banks last week, asking them a series of questions about their lending exposure to Aramco, two of the sources said.