PITCH BATTLE

Wall Street behemoths Goldman Sachs and Citigroup are among global banks battling to oversee the £1.5 trillion float of state oil firm Saudi Aramco.

Leading staff from both lenders have been invited to pitch for the work at Aramco’s Gulf headquarters later this month, along with German rival Deutsche Bank.

A location for the stock market listing has not yet been decided but London and New York are thought to be leading the pack.