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.
No comments:
Post a Comment