Crown Prince Mohammed’s visit gives UK Prime Minister Theresa May a final opportunity to have London Stock Exchange chosen as venue for huge sale.
London is running out of time to win a share of the greatest prize in oil.
Saudi Arabia must decide soon where to list its crown jewel state oil company Aramco, if it’s to meet the schedule for an initial public offering (IPO) in 2018. The London Stock Exchange (LSE) is a front-runner to play host to the world’s largest single producer of crude but faces stiff competition from New York and Hong Kong.