Whilst it appears that an agreement has been concluded between the White House and Aramco for Aramco to be floated on Wall Street rather than Riyadh, the United Kingdom has put another offer on the table.

Theresa May has proposed a secured loan of 2 billion dollars to the oil giant if it floats in the City [of London].

Aramco is Saudi property. Its director is the Crown Prince, Mohamed Ben Salmane (« MBS »).

Anoosha Boralessa