Tag: Saudi Stock Exchange (Tadawul)

Saudi Arabia Insisted Aramco Was Worth $2 Trillion. Now It Is.

Saudi Aramco, the world’s biggest oil company, ended trading on Monday with a market value of over $2 trillion, a worth that had eluded it when it took its shares public. Shares in the company closed at 38 riyals, or about $10.13, giving the company a valuation of $2.03 trillion on the Saudi exchange. The […]

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Saudi Aramco Shares Surge in Trading Debut

Shares of Saudi Aramco surged in their trading debut on Wednesday, further solidifying the oil giant’s status as the world’s most valuable company and bringing it closer to achieving the Saudi royal family’s aim of making it a $2 trillion business. The shares rose 10 percent within seconds after their debut on the Saudi stock […]

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Saudi Aramco Surges in Its Trading Debut

Shares of Saudi Aramco, the world’s largest oil company, made their debut on Wednesday on the Saudi stock exchange in Riyadh. Within seconds of the start of trading, the shares rose 10 percent, the daily maximum allowed by the exchange. The launch is expected to raise at least $25.6 billion, making it the largest initial […]

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The Promise and the Peril of Aramco

Saudi Arabia’s Capital Market Authority on Sunday announced that the kingdom had approved plans for turning Saudi Aramco, its hugely profitable national oil company, into a publicly traded corporation. An initial public offering of 1 percent to 3 percent shares is expected in December, but may come later. Prince Mohammed bin Salman touted a valuation […]

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Is Aramco Worth $2 Trillion? And Other Crucial I.P.O. Questions

LONDON — Saudi Aramco is undoubtedly huge and very profitable. But what’s the company worth? That question was one of many left unanswered Sunday when the company, the world’s dominant oil producer, announced it would sell a stake to investors. Just about everything about the initial public offering remains to be determined in the coming […]

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Saudi Aramco I.P.O. Is Announced

LONDON — Saudi Arabia said on Sunday that it had approved plans for the giant state-owned oil producer, Saudi Aramco, to go public, taking the country’s crown jewel and what is probably the world’s most profitable enterprise close to its long-awaited goal: becoming a publicly traded company. The country’s Capital Market Authority said that Aramco […]

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Aramco’s I.P.O. Will Be Less Gigantic Than Promised

When Mohammed bin Salman announced in 2016 that he would list one of his country’s crown jewels — the state-owned oil giant Saudi Aramco — on the stock market, he set some audacious goals. Aramco would be valued at about $2 trillion, easily making it the world’s biggest publicly traded company. Even though the stock […]

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