UK to offer $2b loan guarantee for Aramco

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UK government agreed to a $2 billion loan guarantee for Saudi Arabian Oil Co. at a time that the country has been courting the Saudi energy giant for the world’s largest initial public offering.

To put the figure in perspective, in the past five years, Britain’s export credit agency has provided £14 billion in support for UK sales abroad.

Prime Minister Theresa May visited Saudi Aradia in April and took with her London Stock Exchange CEO Xavier Rolet as part of her pitch. (Bloomberg) Sensex (IN)