Britain's FCA presses ahead with 'Aramco' listing rule | Reuters

Britain's FCA presses ahead with 'Aramco' listing rule | Reuters:

"Britain’s markets watchdog will press ahead with a new premium listing next month aimed at attracting companies like state-controlled Saudi Aramco to London, although the new rules have been tightened following criticism.

The Financial Conduct Authority’s proposal last year led to suggestions the British government had influenced the watchdog to try to secure the Saudi energy company’s listing.

Saudi Arabia is expected to float up to 5 percent in Aramco in Riyadh and an international venue such as London or New York in what is expected to be the biggest initial public offering ever and would boost the reputation of its chosen listing venue. "



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