The city Watchdog green-lights new listing rules, to achieve Saudi Aramco

The city Guard and was moving forward with plans to mitigate the UK listing rules for state-controlled companies, such as London racing to win over the oil giant “Saudi Aramco”, but critics argue that the movement is a risk of damaging reputation in the market.

The office of financial regulation and supervision (FCA) decided to create a new category specifically for the sovereign-controlled companies under its “premium” mode of listing, although investors and business groups doubt the idea when it first emerged last year.

The change comes as the struggling London new York and Hong Kong for a piece that is expected to be the world’s largest stock market float, despite the “Saudi Aramco” only plans to sell 5 pieces of their shares.

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