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Opening Quote: Aramco exposes Gulf in governance rhetoric

Summary:
Aramco exposes Gulf in governance rhetoric. FT Opening Quote, with commentary by Matthew Vincent, is your early Square Mile briefing. You can sign up for the full newsletter here. News that Saudi Aramco, the Gulf state’s tn oil company, may postpone plans for an international listing of its shares – and instead sell a stake to sovereign wealth funds – is a tad embarrassing for Theresa May.It not only makes her April trip to lobby the Saudi’s for a London listing – taking stock exchange boss Xavier Rolet – look like a waste of time. It also suggests she may have compromised her position as First Lord of the Treasury and Grand Upholder of the Corporate Governance Standards for nothing.Having pledged last year that she would introduce reforms “establishing the best corporate governance of

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Aramco exposes Gulf in governance rhetoric. FT Opening Quote, with commentary by...

Siona Jenkins
Former Cairene; FT Middle east news editor. Views my own.

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