Saudi Aramco tops $2 trillion, defying valuation sceptics
Share:
DUBAI/RIYADH (Reuters) - Saudi Aramco achieved the $2 trillion (1.6 trillion pounds) valuation sought by Saudi leader Crown Prince Mohammed bin Salman on Thursday as the newly-listed state-owned oil company's shares rose sharply on their second day of trading.The Saudi Crown Prince has made the Aramco initial public listing (IPO) the centrepiece of his plan to diversify the Kingdom's economy away from its dependence on oil production by using the $25.6 billion raised to develop other..