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.

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