Businesses object as regulator paves way for London to host oil giant’s flotation

The City regulator has changed its listing rules, paving the way for London to host the stock market flotation of Saudi Arabia’s state oil company, expected to be the world’s biggest.

However, the move by the Financial Conduct Authority was criticised by business leaders, who said they were deeply disappointed by the decision because it waives some rules on corporate governance.

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Read More FCA’s rule change to lure Saudi Aramco prompts criticism

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