China Daily Global Edition (USA)
Sumitomo Mitsui seeks Aramco role
Sumitomo Mitsui Financial Group Inc is seeking to work with Saudi Arabian Oil Co on its initial public offering, Chairman Masayuki Oku said as his bank signed a business agreement with the world’s biggest crude producer. Saudi Arabia is preparing to sell a stake in the company known as Saudi Aramco that could raise as muchas $100 billion in the biggest IPO ever.