13 Oct 2017

FCA under fire over Saudi Aramco Stock Exchange listing

Economics Correspondent

£1.5 trillion – the value of a listing from the Saudi oil company Aramco on the London Stock Exchange. Nice money if you can get your hands on it. But the UK’s Financial Conduct Authority is under fire for allegedly bending those rules to enable the listing. There are critics, but others who point out the potential boost for the City and its coffers in a post-Brexit world are considerable.