(reuters) – the procedure leading up to the ipo of aramco next year is delayed due to a disagreement between the saudi ruling family and the leaders of the united oil company on the external rating, writing in the wall street journal on wednesday.
aramco, the saudi arabian oil company’s full name was not available in the immediate future.
they are trying to persuade the leaders of the king and his son, the crown prince mohammed bin salman – introduction of aramco in london stock exchange, the financial daily said, quoting sources in the file.
they believe that the united states the rate they would expose him to a greater legal risk, especially in the class actions brought by shareholders.
according to the wsj. like wall street, the court, in particular because of political ties that saudi arabia has developed for a long time with the united states, but also because the us market is the most important source of capital in the world.
the saudi arabian authorities intend to place on the market up to 5% of the capital of the first oil producer in the world, with a rating in riyadh and in at least one of the major international markets, which could reach $100 billion.
(ismail shakil, wilfrid exbrayat for service in french).
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Translated by forexguides.info Team