London Firms To Visit Saudi Arabia As Battle For Aramco Listing Continues

Heavyweight firms London will be accompanying the City of London’s lord mayor on his trip to Saudi Arabia this coming weekend, as Saudi officials have yet to announce which would be the international stock exchange for the planned listing of 5 percent of oil giant Saudi Aramco. Charles Bowman, the City of London’s lord mayor, will travel on an overseas business trip to Saudi Arabia and the UAE, scheduled for December 9 – 13 . A senior executive of the London Stock Exchange (LSE) will be part of the business delegation, as well as representatives from PWC, and from investment group Standard Life Aberdeen, The Times reported. The business delegation is expected to hold meetings with officials from the Saudi stock exchange—the domestic market on which Aramco will also list—and from Saudi Arabia’s sovereign wealth funds and monetary authority, according to The Times. The City of London’s lord mayor […]

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