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Saudi Arabia: Investors grumble over delayed privatisations, late payments
The London Stock Exchange (LSE) hosted a Saudi economic forum on 11 July, sponsored by Riyadh-based BMG Financial Group. It offered an opportunity for the LSE to restate its credentials as a home for Saudi companies looking to tap international investors. LSE chairman Donald Bydon told guests “the time for Saudi privatisations is now and the LSE is the natural partner”. This is despite increasing doubts that Riyadh’s ambitious plans to sell state-owned assets, headlined by persistent indications that the plans for the Saudi Aramco initial public offering (IPO) are stuck.
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