Theresa May in Saudi talks to win London biggest ever share flotation of £1.6 trillion

‘Theresa May is in talks with Saudi Arabia’s state-owned oil company to use the London Stock Exchange for the biggest share flotation in history.
Saudi Aramco is expected to be valued at £1.6 trillion when it sells five per cent of its shares on the open market.
The flotation will be hugely lucrative to the city that hosts it, when shares worth millions of pounds will change hands.
On Tuesday evening, Mrs May held a meeting with the Aramco Chairman Khalid Al-Falih, who is also Saudi Arabia’s energy minister.
Significantly, she was accompanied by Sir Xavier Rolet, chief executive of the London Stock Exchange, the only British businessman in the room during any of the meetings Mrs May has held in the kingdom.’
Read more: Theresa May in Saudi talks to win London biggest ever share flotation of £1.6 trillion