HomeBusiness NewsAramco starts trading after record £19.5bn IPO

Aramco starts trading after record £19.5bn IPO

by LLB Reporter
11th Dec 19 9:28 am

Aramco oil company has started to trade on Saudi Arabia’s Tadawul stock exchange for the first time after a record £19.5bn initial public offering (IPO).

Aramco which is state owned announced a sale of 1.5% of shares at £6.50 valuating the company at $1.7trn.

Trading started at 10:30am local time in Riyadh on Saudi’s Tadawul stock exchange.

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