31 Oct 2017

Saudi oil giant could gain access to London Stock Exchange

Economics Correspondent

Human rights concerns? Not part of my job. That’s according to the financial regulator who’s deciding whether to change the rules, potentially allowing oil giant Saudi Aramco to float on the London Stock Exchange. But Andrew Bailey of the Financial Conduct Authority told MPs that he had met the Saudi firm’s Finance Director earlier this year.

Critics of the $2 trillion deal include some relatives of the September 11th victims who claim the Saudi kingdom bears responsibility for the atrocity, an accusation the Saudis have long denied.