Monday, February 10, 2025
Aramco Soars in Debut to Hit Market Value of $1.88 Trillion -oilandgas360

Aramco soars in debut to hit market value of $1.88 trillion

Bloomberg – Aramco is world’s largest after $25.6 billion stock sale Saudi Aramco shares surged after the oil producer’s initial public offering, valuing the company at a record $1.88 trillion in the culmination of a four-year effort by the kingdom to list its crown jewel. The stock jumped the daily 10% limit to 35.20 riyals when trading began at 10:30 a.m. in Riyadh