Aramco crosses $2 trillion valuation

Aramco crosses $2 trillion valuation
Aramco crosses $2 trillion valuation

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Aden - Yasmin Abdel Azim - : Shares of Saudi Aramco rose for a second day, momentarily overtaking the kingdom’s long-sought $2 trillion valuation mark, before pulling back and trading up at 5 per cent.

Aramco had a record-setting market debut on Wednesday, opening and ending up at the maximum permitted 10 per cent. The oil colossus opened 10 per cent higher at 35.2 Saudi riyals ($9.39) on the kingdom’s Tadawul stock exchange, above the set price of 32 riyals, giving it a valuation of $1.88 trillion.

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