Saudi Aramco Drops to Historical Low at 34.05 Riyals!
Saudi Aramco's share price has hit its lowest point, after dropped to 34.05 riyals ($9.08) since the company joined trading on December 11.
In today’s trading session, Saudi Aramco‘s share price has hit its lowest point, after dropped to 34.05 riyals ($9.08) since the company joined trading on December 11. The shares countered to across-the-board selling in Gulf markets after the Baghdad international airport attack and plunged 13.65% since achieving its peak a couple weeks ago.
Saudi Aramco is the world’s most valuable company with a value of $1.7 Trillion. The initial public offering (IPO) was priced at 32 riyals and have reached the highest at 38.70 riyals on December 31.