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Aramco replaces Apple as world's most valuable company | DW News
Posted
December 6, 2019
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December 6, 2019
14,347
233
28
1.82%
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4:42Now PlayingSaudi Arabia's Aramco has completed the biggest share sale of all time. Its much-awaited IPO raised 25.6 billion dollars for just 1.5% of the Saudi oil producer. That values the company at a total of 1.7 trillion dollars. It's short of Crown Prince Mohamed Bin Salman's target of 2 trillion, but nevertheless confirms Aramco the most valuable company in the world. The share sale mainly relied on domestic and regional investors, after limited interest from further afield.
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