Ayman Alsayari, deputy governor of the Saudi Arabian Monetary Authority (SAMA), said that there’s no doubt local banks have the capacity for Aramco’s initial public offering (IPO).
He told Al-Ekhbariya channel that SAMA is working closely with the related authorities, noting that Saudi banks have a high financial position and reassuring indicators.
On Thursday, King Salman issued a royal decree appointing Ayman bin Mohammed bin Saud Alsayari as SAMA’s deputy governor.
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