UK offers $2b loan guarantee in pursuit of Saudi Aramco's IPO listing

UK offers $2b loan guarantee in pursuit of Saudi Aramco's IPO listing

A Saudi Arabian Oil Co. (Aramco) logo sits on an electronic display at the company's corporate pavilion during the 22nd World Petroleum Congress in Istanbul, Turkey, on Wednesday, July 12, 2017. Photographer: Kostas Tsironis/Bloomberg

The U.K. government agreed to a $2 billion loan guarantee for Saudi Arabian Oil Co. as Britain and the U.S. compete to host the state-run energy giant’s proposed initial public offering, likely to be the largest in history.

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