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Saudi Aramco Shares Surge in Trading Debut

December 11, 2019


Shares of Saudi Aramco surged in their trading debut on Wednesday, further solidifying the oil giant’s status as the world’s most valuable company and bringing it closer to achieving the Saudi royal family’s aim of making it a $2 trillion business.

The shares rose 10 percent within seconds after their debut on the Saudi stock exchange in Riyadh, reaching the largest daily increase permitted by the exchange. They traded at 35.20 riyals or about $9.50 a share.

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