Oil giant Aramco has now become the most valuable company in the history of the world, beating Apple and Microsoft. The Saudi government-backed oil company Saudi Aramco is listed on the Riyadh Stock Exchange. On the very first day of its listing, the company raised $ 25.6 billion in capital from the IPO. After which the market value of the company rose by $ 200 billion to reach the figure of $ 1.9 trillion.
Saudi Aramco Market
Let me tell you that Saudi Aramco had a market value of $ 1.7 trillion. With the listing on the Riyadh Stock Exchange, investors bought a large number of Aramco shares and sold 3 billion shares of the company on the first day. Aramco’s market value has now exceeded even the total price of giant companies like Apple and Facebook.
Saudi’s Aramco market value was $ 1.9 trillion. Apple’s market value is $ 1.18 trillion. Microsoft comes at number three, which has a market value of 1.15 trillion. Google’s parent company Alphabet Inc. has a market value of $ 0.93 trillion. Aramco’s dominance in the oil sector gauge from the fact that. The Saudi Aramco market value is more than the total market price of the five list oil companies.
On the very first day of listing in Riyadh’s Tadawul stock market, about 5 million investors bought Aramco shares. Although the oil industry fears in trouble in the future, despite this. There was tremendous enthusiasm among investors about Aramco shares. Let us know that Saudi Aramco also plans to buy a 20% stake in Indian company Reliance Industries. The deal expects to complete for about $ 15 billion.
Saudi Aramco Market Value $ 1.9 Trillion. Apple Market Value Is $ 1.18 Trillion. Microsoft Comes At Number Three, Which Has A Market Value of 1.15 Trillion.