Aramco shares inch up in early Sunday trade - Reuters

Aramco shares inch up in early Sunday trade - Reuters:

Saudi Aramco (2222.SE) shares were up 1% at 37.2 riyals ($9.89) in early trade on Sunday.

The state-owned oil company listed 1.5% of its shares at 32 riyals on Riyadh’s Tadawul exchange .TASI on Dec 11 in the world’s largest initial public offering (IPO).

Initially valued at $1.7 trillion, the shares have since hit $2 trillion, a value long sought by Saudi Crown Prince Mohammed bin Salman.

The IPO is the centerpiece of the Saudi leader’s plans for diversifying the economy away from its dependence on oil.