Saudi aramco stock market

By: Bufet On: 01.06.2017

According to a report from Reuters on Wednesday evening, Britain's biggest stock exchange is planning to create a structure that would allow the state-owned oil giant to have the equivalent to a primary listing on the exchange, without being subject to " the most onerous corporate governance requirements" that come with a primary listing.

saudi aramco stock market

Companies listing in London must have a so-called "premium listing" to be allowed to enter into the FTSE indexes. Obviously, that would be a problem under the LSE's current rules. The valuation of the shares has been the subject of intense debate because the company is yet to disclose financial details such as sales or profits.

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Steer clear of Saudi Aramco’s initial public offering - MarketWatch

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