HomeBreakingSaudi Aramco now valued at $1.88trn after debut

Saudi Aramco now valued at $1.88trn after debut

by LLB Reporter
11th Dec 19 2:43 pm

In the first moments of Saudi Aramco started trading on the Tadawul stock market the company gained 10% that held until closing valuing the company at $1.88trn.

Aramco is now officially the largest listed company in the world surpassing Apple. After the mammoth $25.6bn initial public offering (IPO) the Saudi oil giant started trading on the Tadawul stock exchange.

The price of shares in the company have been pushed to £7.14 per share at closing up from £6.50 at the start of trading in Riyadh.

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