Saudi Aramco shares edge higher despite oil-price war
Oil company delays release of monthly oil pricing list as it briefly regains $1.7-trillion valuation
05 April 2020 - 17:50
Riyadh — Saudi Aramco shares have shaken off the ravages of an oil-price war to briefly regain the $1.7-trillion valuation that the company achieved in its record-breaking initial public offering (IPO).
The stock rose as much as 2.8% to 32.55 Saudi riyals on Sunday in Riyadh, trading above the 32-riyal IPO level it surrendered a month ago, only to turn negative in the last 10 minutes of the session and finish 0.5% lower...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.