Legal risks arising from a New York listing include US legislation that could allow families of the victims of the 9/11 attacks of 2001 to sue Saudi Arabia, the FT said. A New York Stock Exchange listing and one on Saudi Arabia’s Tadawul exchange has been the favored option for Saudi Aramco as Saudi officials and Saudi Aramco’s financial advisers believe the venue has the deepest pool of investors and is the most prestigious, the FT said, citing documents. Saudi Aramco did not immediately respond to requests for comment outside regular business hours. The LSE, seen as one of the front-runners to win part of the IPO, has been pushing hard to land it. Sources told Reuters in May that the LSE is working on a new type of listing structure that would make it more attractive for Saudi Aramco to join.

Source: Egypt Independent June 04, 2017 20:03 UTC