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Thursday, 20 July 2017

Saudi Aramco offers fund managers a chance to prove their worth

Saudi Aramco offers fund managers a chance to prove their worth:

"Where is the clamour of investors calling for Saudi Aramco to list in their jurisdiction? Politicians, exchange executives, lawyers and bankers all see benefits from helping the national oil champion sell stock. Prestige, relevance, trading volumes and fees beckon, if the world’s largest extractor of crude oil becomes a public company late next year as planned. Yet recent proposals from the UK regulator to ease the way for a London quote, by removing some governance requirements for state controlled companies, prompted several asset managers to adopt a posture of principled outrage."



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