Saudi Aramco and the lure of the London Stock Exchange

Khalid al-Falih, the Saudi energy minister, described the London stock market as one of the best in the world. This has raised hopes that Saudi Aramco will list in the city

As London vies to host the state-owned oil giant’s initial public offering, Saudi's energy minister also expressed unease about listing on the New York Stock Exchange.

Speaking to CNN, Mr al-Falih said,
“I would say litigation and liability are a big concern in the US.   Saudi Aramco is too big and too important for the kingdom to be subjected to that kind of risk.”




The powers that be at Aramco hope to raise $100 billion by selling a stake of about 5 per cent, valuing the company at $2 trillion.  They plan to list shares on the Saudi Stock Exchange in Riyadh and are considering one other market.