Saudi Aramco market value exceeds $2 trillion on Thurs.

ANKARA

Saudi Arabia’s national oil company Aramco saw its market value surpass the $2 trillion mark on its second day of public trading on the Saudi stock exchange Tadawul on Thursday.

Aramco’s initial public offering (IPO) was completed last Thursday with a final offer share price of 32 Saudi riyals ($8.53), securing the company’s market value at $1.7 trillion.

When Aramco started publicly traded for the first time in Tadawul on Wednesday, its share price immediately climbed 10% to settle at 35.2 Saudi riyals ($9.39), which raised the company’s market value to around $1.87 trillion.

Read more: Saudi Aramco market value exceeds $2 trillion on Thurs.