Saudi Aramco crosses $2 trn valuation, becomes most valuable listed company
Shares in Saudi Aramco gained on the second day of trading on Thursday, propelling the oil and gas company to a more than $2 trillion valuation, where it holds the title of the world’s most valuable listed company.
Shares jumped in trading to reach up to 38.60 Saudi riyals, or $10.29 before noon, three hours before trading closes.
Aramco has sold a 1.5 per cent share to mostly Saudi investors and local Saudi and Gulf-based funds.
With gains made from just two days of trading, Aramco sits comfortably ahead of the world’s largest companies, including Apple, the second largest company in the world valued at $1.19 trillion.
