Saudi Arabia's 'big concern' about listing its oil giant in New York

 Saudi Arabia is considering where to sell shares in its mammoth oil company, Aramco, and New York, London and other international stock exchanges are still in the running.

But speaking on a visit to London on Thursday, Saudi Arabia's top energy official made clear the kingdom has serious concerns about the risks it would run if it chose New York.

"I would say litigation and liability are a big concern in the US," energy minister Khalid Al Falih told CNNMoney's emerging markets editor John Defterios. "Quite frankly, Saudi Aramco is too big and too important for the kingdom to be subjected to that kind of risk."

Source: Edition.cnn