RIYADH: Saudi Arabia is set to hire Citigroup Inc, Goldman Sachs Group Inc and HSBC Holdings Plc for a secondary share sale in Saudi Aramco, a deal that would raise about $20 billion, Bloomberg News reported on Thursday, citing people familiar with the matter.

Saudi Aramco halts plan to raise production capacity: statement

The state oil company is also in talks with other banks as it pulls together a roster of advisers, the report said, adding that the offer may come in the next few weeks.


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