Opposition rises against Saudi Aramco's £1.5trillion float over concerns to relax listing rules for state-owned companies



Opposition to Saudi Aramco’s mooted £1.5 trillion London stock market float is growing after fresh concerns from the City emerged last night.
The results of a survey of 400 financial professionals – seen by The Mail on Sunday – revealed a surprise majority is against proposals to relax listing rules for state-owned companies like Aramco.
The Saudi Arabian oil giant is planning to float 5 per cent of its shares and the Financial Conduct Authority is mulling whether to push ahead with the changes.
However, 33 per cent of those questioned by the Chartered Institute for Securities &... read more

 
22 October 2017 in Business, Views: 71
Source: Daily Mail
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