Saudi Aramco value hits $2-trillion mark
Aramco raised $25.6bn in the deal, selling shares at 32 riyals each and overtaking Microsoft and Apple as the most valuable listed company
12 December 2019 - 13:54
Dubai — Saudi Aramco shares jumped for a second day, with the oil giant’s value hitting the $2-trillion mark that alienated global investors and potentially making further share sales abroad more difficult.
The stock climbed by the daily 10% limit to 38.7 riyals (about R151.18) at the open in Riyadh before trimming gains. It was up 5.8% at 37.20 riyals at 1.54pm local time in trading of 381-million shares, compared with 31.6-million for all of Wednesday...
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