(Adds details, context)
DUBAI, Sept 8 (Reuters) - Saudi Aramco is likely to give
roles to Citi, Goldman Sachs, HSBC and
Samba Financial Bank for its planned initial public
offering (IPO), a source familiar with the transaction said on
Sunday.
The four banks would likely get these roles in addition to
Morgan Stanley and JP Morgan Chase & Co. who were
chosen to play a leading role in the transaction before the
process was halted last year, the source said.
Aramco is preparing to sell up to a 5% stake by 2020-2021,
in what could be the world's biggest IPO. It is expected to
appoint the advisers on its share sale in the coming days.
Goldman Sachs and JP Morgan declined to comment. Aramco,
Citi, HSBC and Samba did not immediately respond to a request
for comment outside of office hours.
The IPO is a centrepiece of Saudi Arabia's economic
transformation drive to attract foreign investment and diversify
away from oil.
(Reporting by Hadeel Al Sayegh;
Editing by David Goodman and Andrew Cawthorne)