During placement on the stock exchange the company raised 25.6 billion dollars, which is also a record.
State oil company Saudi Aramco in first day of trading rose in price on the stock exchange and became the most expensive in the world, with a record rating of 1.88 trillion, reports the Financial Times. It overtook Apple and Microsoft.
State oil giant – the most profitable company in the world. By the end of 2018 the company’s net profit was more than $ 111 billion in the first half of 2019 – nearly $ 47 billion.
During placement on the stock exchange the company raised 25.6 billion dollars, which is also a record. Previous belonged to China’s Alibaba with 25 billions of dollars.
It is planned that earned during the placement, the money will be used to diversify the Kingdom’s economy.