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Britain to provide Saudi Aramco with $2 billion credit guarantees

Reuters  |  LONDON 

By Andy Bruce and Dasha AfanasievaLONDON (Reuters) - Britain will provide $2 billion in credit guarantees to Saudi Aramco so it can buy British goods and services more easily, but denied it was part of efforts to persuade the energy giant to list its shares in London.The loan agreement comes as London Stock Exchange, with backing from British Prime Minister Theresa May, competes to host part of Saudi Aramco's initial public offering (IPO), which is expected to be the biggest float ever."This builds on previous support for UK exports as part of Saudi Aramco joint venture projects," the ...

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First Published: Thu, November 09 2017. 22:29 IST