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Aramco’s Market Value Exceeds $2 Trillion Once More

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Ziad Najjar
Ziad Najjar is an Egyptian author who studied business and finance in the United States and has a keen interest in media. He combines his expertise in these fields to create informative and engaging works accessible to a broad audience.

The market value of Saudi Aramco once again surpassed the $2 trillion mark, reaching 7.65 trillion riyals ($2.04 trillion).

This comes after the company’s shares surged about 5% today, hitting a record session price of 34.75 rials, before later cutting its profit down to 4% to 34.4 rials, bringing the market value to 7. 57 trillion rials (US$2.02 trillion). ).

This comes after Saudi Crown Prince Mohammed bin Salman announced the completion of the transfer of 4% of state ownership in Aramco to Sanabel Investment Company, wholly owned by the State Investment Fund.

Source: Economic

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