Aramco shares jump in world's biggest ever market debut
These are external links and will open in a new window/ Saudi Aramco's stock rose sharply as the world's biggest share sale got underway in Riyadh, rising 10% above the initial public offering price. Last week the oil giant, which produces more than a tenth of global crude supply, Saudi Arabia's royal family is privatising assets as part of a plan to move the kingdom away from its reliance on oil. The money raised from the sales will be used for non-energy investments. Today's 10% rise, which is the Riyadh Stock Exchange's daily limit, ...
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