stock exchange and not in london or new york and that's not the only special thing here let's take a look around of world's most profitable companies last year it produced some 11000000 barrels of oil per day more than 2 thirds of that was exported to asia with an additional 14 percent to the united states the upcoming i.p.o. has generated a lot of excitement but a recent drone attack on iran co facility and investors increasing focus on renewable energy has left many analysts skeptical. saudi arabia would be nothing without saudi aramco the oil giant posted net profits of $111000000000.00 euros last year the cascade of cash doesn't only go to financing the saudis stace it also pays for a lot of perks for the general public petrol is cheap healthcare and education are both free for saudi citizens no one pays income tax. the oil concealed beneath the saudi arabian desert has almost been pumping itself out of the ground for a few years low drilling costs have made iran co the most valuable and profitable company in the world and it's the biggest 12 percent of the world's oil comes from

around khost shares are only listed on the riyadh stock exchange and there are questions about how large it cited reserves really are not to mention the uncertainty around oil prices but those risks were also the rationale behind the decision to go public crown prince mohammed bin salman wants to reduce his country's reliance on oil revenues from around goes i.p.o. will be used to accelerate the saudi pivot towards the tourist industry and to ramp up development of renewable energy. now let's bring in the middle east expert from big institute and joins us from hamburg now. why is it going public and why now. well basically 2 reasons one is that they hope that the i.p.o. can help around cohen his international isolation strategy and crew closer into a linkage between oil production and refining in petrochemical production and expansion of export business most notably to asia and of course an i.p.o. can help he'll also with the debt issuance that was for example used to finance to put chase of the 30 percent big stake by a ram cool recently that is one reason the other reason is that the i

stock exchange. saudi arabia would be nothing without saudi aramco the oil giant posted net profits of $111000000000.00 euros last year the cascade of cash doesn't only go to financing the saudi state it also finances a lot of perks for the general public petrelis dirt cheap healthcare and education are both free for saudi citizens and no one pays income tax deal concealed beneath the saudi arabian desert is almost been pumping itself out of the ground for 80 years though drilling costs have made around co the most valuable and most profitable company in the world and it's the biggest 12 percent of the world's oil comes from our own clothes taps. but the apparent risks are equally as imposing no one knows with any certainty exactly how the company is structured and run that's one reason why major international investors decided to pass on the i.p.o. around because shares are only listed on the riyadh stock exchange and there are questions about how large it cited reserves really are not to mention th

shares in saudi arabia's state run oil company have officially begun trading on riyadh stock exchange opening 10 percent higher than the initial public offering saudi aramco made history a week ago with the largest ever i.p.o. raising 25 point $6000000000.00 for less than 2 percent of the company this valued around $1.00 trillion dollars that makes it the most valuable listed company in the wild still the i.p.o. fell short of the 2 trillion valuation the kingdom had wanted although officials hope it will hit that mark on the festive trading well as my colleague folly spoke to banda hari who is the c.e.o. of market analysis from banda insights and she says saudi arabia will be hoping to make up the shortfall in around co's expected value the expectations had been whittled down quite a bit from compared with the initial aspirations to list 5 percent of the company with the valuation of 2 trillion which would have netted the kingdom about. $100000000000.00 the i.p.o. or the scaled down i.p.o. has brought in just about $26000000000.00 it was expected to be listed simultaneously on interna

shares in saudi arabia state trying or giant iran could have officially begun trading on riyadh stock exchange opening 10 percent higher than the initial public offering price it is now the world's most valuable listed company they can engage reports. all the bells and whistles for one of the most eagerly awaited stock offerings in history after years of planning and several false starts shares in saudi arabia state owned oil giant to remco have begun trading on riyadh's to double the exchange as a result of the oil produces shares rose by 10 percent it follows a crucial week for the firm obtaining the largest ever initial public offering raising $25600000000.00 for less than 2 percent of the company this puts its value at $1.00 trillion dollars but that phil short of the 2 trillion dollar valuation saudi arabia wanted and the $100000000000.00 it hoped to write how to get the valuation up from the 1.7 trillion which was achieved in the ib your to the 2 trillion. and i suppose to a large extent how does saudi arabia now make up for the $75000000000.00 that it probably expected to get b

around coles listing on the riyadh stock exchange is the world's largest on record at over $25.00 and a half $1000000000.00 budget airline ryanair is the c.e.o. michael o'leary has described the e.u.'s single european sky initiative as a lamentable joke the single european skies seeks to reform europe's air traffic management system to minimize environmental damage the commodore leary argued vehemently against the take zation traffic claiming it represents only 2 percent of c o 2 emissions. the 10th of december is the anniversary of alfred nobel's death the day when each year's nobel prize winners are art it happens at a lavish event in stockholm with lecturers 5 food and a presentation by the king of sweden the winners receive money a diploma lifelong recognition of course and a medal one made in sweden. the 2019 nobel prize medals this year there are 14 of them because there's more than one when each award . each medal is engraved with its whenas name it's the highlight of nicholas to see a. yes i am i am the only one who was doing this job. and there why i think it's it's because o

around comes a listing on the riyadh stock exchange is the world's largest on record at over 25 and a half $1000000000.00 budget airline ryanair c.e.o. michael o'leary has described the use single european sky initiative as a lamentable joke be initiative seeks to reform the europe's air traffic management system to minimize environmental damage mr larry argued vehemently against the taxation of a traffic claiming it represents only 2 percent of c o 2 emissions. since taking power in 2018 ethiopian prime minister abi ahmed has implemented sweeping political reforms that have won praise and the nobel peace prize which he collected on tuesday ethiopia's economy is also going from strength to strength but a lot remains to be done because foreign investors are mainly attracted to ethiopia by the incredibly cheap wages their companies say they are in breaking the law and support efforts for a minimum living wage in the country but in the meantime despite setting up shiny new textile factories they are profiting from very low wages some workers earn as little as one euro per day. the ethi

now shares in saudi arabia state company have officially begun trading on riyadh stock exchange saudi aramco made history a week ago with the largest initial public offering raising $25600000000.00 for less than 2 percent of the company this valued around co at $1.00 trillion dollars making it the most valuable. listed company in the world the i.p.o. fell short of the 2 trillion valuation the kingdom had wanted although officials hope it'll hit that mark on the 1st day of trading well let's bring in our economics editor abbott ali to talk through all of this a bit i see that shares open 10 percent higher a huge success then for crown prince mohammed bin samara. well and this was always started to be a win for the saudi government one way or the they were going to been in the markets and this is exactly what they have done if they use was anywhere else in the world there will be an investigation to find out who was ramping up shares but when the government there's various all the markets can do and this is the reason why international investors did not want to invest in this particular

stock exchange and not in london or new york as initially expected that raised a few eyebrows. as the world's most profitable company last year produced some $11000000.00 barrels of oil per day more than 2 thirds of which was exported to asia the other 14 percent heading to the united states and the upcoming i.p.o. has generated a lot of excitement but recent drone attack on a ram co facility as well as investors increasing focus on renewable energy has left many analysts skeptical saudi arabia would be nothing without saudi aramco the oil giant posted net profits of 100.

purchases on the riyadh stock exchange has seen the world's most valuable company swell a further 3 $100000000000.00 in value in just 2 days to find the expectations of most analysts. france's main trade union federation c g t says transport strikes will continue over christmas unless the government backs down over proposed pension reforms france has seen a wave of strikes in the last week over government plans to increase the amount of years people must work to get their full pensions. as a british vote in the u.k. general election is getting underway market watchers are paying close attention to the value of the pound it has surged since the election was mooted in october but given the uncertainty over the outcome of the election the currency is likely to be in for a volatile 24 hours or indeed more. so britons are heading to the polls today to elect a new government it's the 3rd general election in just 5 years and could pave the way for britain's future in odd side the e.u. even for dutch fisherman who obviously have no say in today's election a lot is at stake. through this shi

stock exchange on december 12th. international food group cargill says it will invest $113000000.00 u.s. dollars in the world's 2 largest cocoa producing countries ivory coast and ghana the money will be used to expand its existing processing plants there the u.s. firm says hundreds of jobs will be created. south african airways is to receive a $274000000.00 lifeline sparred of a government plan to prevent the company from collapsing it's a much needed boost for the airline which hasn't made a profit in several years and has been relying on bailouts to stay afloat the funds will be accompanied by what the government is calling a radical restructuring process last month a strike force the airline to cancel hundreds of flights. and we stay in the region nigeria is africa's most populous country and it's showing an increasing appetite for meat for centuries semi-nomadic breeders from 10 different african countries have driven their herds hundreds of kilometers to sell them to customers in nigeria but the ancient traditi

state run oil company have officially begun trading on riyadh stock exchange saudi aramco shares opened a wednesday morning 10 percent higher than last week's record breaking initial public offering the company made history with the largest ever i.p.o. raising $25600000000.00 those are the headlines our world continues next. with. and where are you going home you would love to facebook was here many facebook and then there was sadness as a the bottom want to. stay out all photos of the holiday many. women want to get binya shape but it does and i wouldn't put it in vain it's how i learned that i really miss a fish on. a boat out of my ham on less than what i'm going to be thought about and also watch so evolution is i should say make. me forget that i have an estate and sentiment of home with him in the pub the only one go into saying to me that with a man above suck of human love into. the. community you. need to. come here come over the. band i was with the british royal and i'm going by them a huge part of the bahamas and you know i get between you know a swim a shield. that men are

arm k kosher's will e listed on the riyadh stock exchange and a large majority sold to domestic or regional investors. that stake still represents only one point 5% of the overall company the rest remains in the hands of the saudi state. the chinese tech tried while way has filed a lawsuit against the us federal communications commission. last month the fcc voted to bar american firms from using federal subsidies to buy equipmentt from one way. it's papart of the trump administration the broroader efforts to limit of always expansion. the compapany says te crusade is now harming american consumers coming up like has more. s. one way the chinese telecoms giant is often a u. s. court to overturn a ban on its equipment. off to the federal communications commission forbade carriers in rural areas of the west from using federal funds to buy huawei products. citing security concerns concerns that the company says are entirely basis. there is nothing in the universal services p provisions of the federal communications act that authorizes the fcc to make national security judgments or to restrict u

shares in saudi arabia state run oil company have officially begun trading on riyadh stock exchange saudi aramco shares opened wednesday morning 10 percent higher than last week's record breaking initial public offering the company made history with the largest ever i.p.o. raising $25600000000.00 it fell short of the 2 trillion valuation the kingdom had wanted thousands of protesters are gathering in sydney to demand action on climate change after months of out of control bushfires across parts of australia demonstrators accuse the government of ignoring a climate emergency the fires have been made worse by unseasonably hot conditions and drought sydney has spent 2 weeks blanketed in a thick haze from that smoke. well those are the headlines join me for more news here on al-jazeera after the stream stay with us. ultras there are we were told to get to that between russia has this been addressed by turkey we listen what is the proposal. for a couple on your we meet with global news makers and talk about the stories that matter. for me ok i really could be here in the stream today we contin

shares in saudi arabia state trying all the company have officially begun trading on riyadh stock exchange aramco made history with the largest ever additional public offering last week raising $25600000000.00 making it the most valuable listed company in the world well those are the headlines on al-jazeera inside stories next. from soldier to peace might that ethiopia's profit history's awarded the nobel prize for helping to win the conflict with night when you're trying but why is it the are trying to lay down on the as well what this is does i'll be off message we've been saying this is inside still. welcome to the program obstat grant the relationship between ethiopia and eritrea could be summed up in 2 woods war and peace for 2 year war over a disputed border region 20 years ago at least 100000 people were killed a tense military standoff followed but last year things changed his new prime minister met agreed to accept an international ruling that sided with they were trapped on the border dispute then he launched a peace initiative with the eritrean leader. that resulted in diplomati

shares in saudi arabia state trying all the company have officially begun trading on riyadh stock exchange aramco made history with the largest ever at mishal public offering last week raising $25600000000.00 making it the most valuable listed company in the world well those are the headlines on al-jazeera inside stories next. ethiopia's broad minister was awarded the nobel prize for helping to win the conflict because i'd read your thread but why is it the or try and lead to all the will of what this is does i'll be off message we've been saying this is inside still. welcome to the program obstat grant the relationship between ethiopia and eritrea could be summed up in 2 woods war and peace for the 2 year war over disputed border region 20 years.

shares in saudi arabia state run oil company have officially begun trading on riyadh stock exchange opening 10 percent higher than the initial public offering made history a week ago with the biggest ever i.p.o. raising 25.6 $1000000000.00 for less than 2 percent of the company this valued around co at $1.00 trillion dollars making it the most valuable listed company in the world today's 10 percent rise in share price means that valuations jumped to $1.00 trillion dollars the i.p.o. phill short of the 2 trillion valuation the kingdom of wanted and officials had hoped it would hit that mark on the 1st day of trading. the u.s. secretary of state might pump a 0 has announced new sanctions on iran but says he's open to more dialogue with tehran to free american prisoners the laces sanctions target one of the country's biggest airlines mahaan air and 2 shipping companies mr pompeo says washington will not deviate from its campaign of targeting iran's economy through sanctions russian official has dismissed reports of russian attacks on civilians in syria's italy province as falls special envoy a

shares in saudi arabia's state run oil giant around co have officially begun trading on riyadh stock exchange opening 10 percent higher than the initial public offering price of a record breaking flotation makes around co the world's most valuable listed company although its valuation is still lower than the saudis had hoped nicolas cage explains. all the bells and whistles for one of the most eagerly awaited stock offerings in history after years of planning and several false starts shares in saudi arabia state owned oil giant aramco have begun trading on riyadh's to double exchange as a result of the oil producers shares rose by 10 percent it follows a crucial week for the firm obtaining the largest ever initial public offering raising $25600000000.00 for less than 2 percent of the company this puts its value at $1.00 trillion dollars but that fell short of the 2 trillion dollar valuation saudi arabia wanted and the $100000000000.00 it had hoped to raise back in 2016 how to get the valuation up from the 1.7 trillion which was achieved in the i.p.o. to the 2 trillion and i suppose t

stock exchange, so we are not really sure how that will play out but we have real action here. let's bring in our traders on the floor of the multiple exchanges. even before the trade announcement, jpmorgan had released its top trading themes for 2020. they didn't like gold. they had some real optimism and that means gold, which is often a safe haven, was not something they said to go into. gold is barely lower at the moment by $1.60. but the financial giant also advised clients to short gold and instead, go overweight equities. that's a good play today, guys, because we are up 214 points on the dow. let's get right to our traders right now. we can see how we are doing for the year. sarge, what do you make of this potential? do you believe there is a trade deal beyond in principle? >> well, this is what's happening here. the big deal here is the move in the long end of the treasury curve. we got movement in the 30s, movement in the 10s. this creates net interest margin for the banks because the short end of the curve is nailed to the floor by the fed right now and it's going to

we will see the largest listed company in the world floating for the first time on the riyadh stock exchange. this is bloomberg. ♪ ♪ matt: welcome back to "bloomberg markets: european open." we are focused right now on the open, because the largest ipo in the history of the world is about to begin trading. the largest company in the history of the world is about to .egin open, because the tradingh seven minutes to go until we get the start of trading for saudi aramco. company or7 trillion it will be once shares list and start to trade. it will be one of the smallest free floats in the world, i think only 1.5% of all shares will be trading in riyadh. that makes at the third smallest biggest capitalized companies in the world. of course, there is a lot more room to raise a lot more money later. so far, they will have raised $26 billion, and a lot of which apparently they will be using bd companies in the world to spend domestically. the fomc, the fed, is holding its final two day meeting of 2019. a stronger-than-expected november jobs report will likely help bolster fed officials confidenc

now shares in saudi arabia state run oil giant aramco have officially begun trading on riyadh stock exchange opening 10 percent higher than the initial public offering price that is now the world's most valuable listed company and the kind of gauge reports. all the bells and whistles one of the moist eagerly awaited. stock offerings in history after years of planning and several false starts shares in saudi arabia state owned oil giant aramco have begun trading on riyadh's to double exchange as a result of the oil producers shares rose by 10 percent it follows a crucial week for the firm obtaining the largest ever initial public offering raising $25600000000.00 for less than 2 percent of the company this puts its value at $1.00 trillion dollars but that fill short of the 2 trillion dollar valuation saudi arabia wanted and the $100000000000.00 it hope to raise how to get the valuation up from the $1.00 trillion which was achieved in the i.p.o. or to the 2 trillion and i suppose to a large extent how does saudi arabia now make up for the $75000000000.00 that it probably expected to get but but

shares in saudi arabia state run oil company have officially begun trading on riyadh stock exchange opening 10 percent higher than the initial public offering saudi aramco made history a week ago with the largest ever i.p.o. raising 25 point $6000000000.00 for less than 2 percent of the company this valued aramco at $1.00 trillion dollars making it the most valuable listed company in the world the i.p.o. fell short of the 2 trillion valuation the kinda man wanted though officials hope it will hit that mark on the 1st day of trading vandana harries the c.e.o. of market analysis firm vandana inside senshi says saudi arabia will be helping to make up the shortfall in are expected value. expectations had been whittled down quite a bit from compared with the initial aspirations to list 5 percent of the company with a total valuation of 2 trillion which would have netted the kingdom about. $100000000000.00 the i.p.o. the scaled down i.p.o. has brought in just about $26000000000.00 it was expected to be listed simultaneously on international prominent international exchanges as well as the domesti

stock exchange. it puts it at 1.9 trillion the faa is moving to create a new safety unit according to an incoming email that came by the washington post. the unit would be created to address gaps in oversight following those crashes involving the 737 max aircraft phil -- >> fiphil lebeau is going to brn us the interview -- >> with john dixon, the new administrator before he goes to congress. >> before he does? >> yeah. >> coming here first mortgage applications rose 3.8% last week. the rise is driven by a jump in refinancing activity the average rates holding under 4%. >> countdown is onto the final fed decision of 2019 central bank widely expected to keep rates on hold steve liesman joins us now with what markets should expect later. >> reporter: good morning, andrew with the fed meeting days after the blowout jobs report, normally the market will be thinking about when and how much are they going to hike, as in, that's right, how much would they hike today, but not in the new normal times we live i

it hasas launchehed shares on te stock exchange in riyadh. stephen: w what a cocontrast tot wewe are jusust herere in bruss. shares jumped 10% in the first minute of trading, reachching te daily limit for gains on the stock k exchange. -- it makes countntry it the most v valuable e public listed comompany. the kingdodom had bebeen tryingo drdrum up demand in advance ofoe lalaunch, including from state investment funds. it seems to have worked. reporter: it is the bigigst ever market d debut as sharares in si surged to the maximum 10% % allowed in the stk exchange in riyadh. the company is responsible e for 10% of thehe world oil supply, d last week successfully raised $25.6 billion during its initial public offering. combineded with today's shares, this puts the company's valuation at almost 1.9 trillion dollars, making it the most valuable publicly listed company in the world, , rth more t than microsofoft or apple. it is also worth more than the top fiveve oil companies of exxn mobil, total, royal dutch shell, chevron, and bp combined. >> w

was only launched in riyadh and not at one of the big international stock exchanges . that was the thought it would list in london or new york international investors were really concerned about the valuation demanded 2 trillion and international investors just didn't think it was worth that much and also you've got all the political interference you know political interference in terms of business decisions they'll be you know that would be quite messy and also international investors do care about. you know the environmental social and governance issues and certainly with saudi aramco and saudi arabia itself there are a lot of those could. ultimately resulted in only a saudi listing and that's one analysts tell me speaking there now the u.s. federal reserve has left its benchmark interest rates steady and signals that borrowing costs are likely to remain unchanged through next year fed chairman drawn paul said he believes the central banks current monetary policy would support sustained growth a strong labor market or cheap inflation near the targets 2 percent of its

shares of saudi aramco surged 10% on their riyadh stock market debut — the maximum allowed by the exchange, following the record breaking initial public offering by the oil giant. the jump gives aramco a value of $1.88 trillion, worth more than all 28 energy firms on the s&p500 put together — and further cementing its title as the world's most valuable listed company. and now — what's trending in the business news this morning. from bloomberg — australia bolsters competition watchdog to rein in tech giants. it wants to take action over the advertising market dominance of the likes of google and facebook. from quartz — how fast fashion is causing an environmental "emergency". the $2.5 trillion fashion industry is one of the largest users of water globally — producing one cotton shirt requires 2,700 litres of water, the amount a person drinks in 2.5 years. and cnbc reports a us poll that finds 69% of americans say the economy is helping the wealthy, while hurting the poor, those without college degrees and the middle class. and don't forget — let is know what you are spotting onl

oil giant to saudi arm co has launched its shares on the stock exchange in riyadh. shares jumped 10% in the first few minutes of trading reaching the daily limit for gains. it comes after an already record breaking initial public offering of shares which raised nearly twenty six billion dollars. the kingdom has been trying to drum up demand for the shares in advance of today's launch. including from state investment funds. saudi aramco is now officially the world's most valuable publicly listed company worth nearly one point nine trillion dollars. and some analysts say this guy could be the limit. i think we're gonna hit two trillion dollars tomorrow- we expectedd it to the market to trade limit up today- tomorrow. could trade limit up again but w we arere we will be very surprised if we don't surpass.. if aramco does not bebecome the world's first company to trade above two trillion dollars tomorrow. american transport regulators have said it could be months before boeing seven thirty seven max planes are cleared to fly. the aviation giant had hopeped to get cleara

stock market — the maximum allowed by the exchange — before falling back slightly. the move follows a similar surge on wednesday after the record breaking initial public offering by the oil giant. a software glitch is preventing the bbc‘s iplayer streaming service from running on many of samsung's smart tvs. affected owners are being advised to download a software update. but the patch does not work on some older models, which will have to wait until next year to get a separate fix — leaving thousands of owners unable to use the service over christmas. the us china trade war could be about to escalate. president trump is expected to meet top trade advisers later to discuss whether to go ahead with a fresh round of tariffs on some $160 billion of chinese goods ? which are due to come in on sunday. sharanjit leyl is in singapore. tell us more. that is right. this is going to be a critical meeting between president trump and his top trade advisers. the president due to meet them to discuss whether to go ahead with this fresh to a range of ta riffs ahead with this f

debuting inbe around a weeks time on the stock exchange in riyadh. the world's biggest listed company will be based in riyadh. it will not be apple or microsoft any longer. it will be aramco. the saudi's will be very pleased with that. the $2 bit short of trillion valuation they had hoped to raise. it is lacking some of the foreign capital. because of concerns around that valuation. we are still waiting for the final confirmation. the final number. nejra: let's hope we get it so you can start your weekend. thank you so much. let's get the first word news. japan's government is pulling out all of the stops on fiscal stimulus. tokyo announcing they will support growth as the economy contents with an export slump and a fallout from a tax hike. to boost realed growth. the antitrust probe against amazon is expanding to include it cloud business. commission isade asking about the cloud unit. the ftc and amazon declined to comment. an unexpected hold in india. the r.b.i. keeping its benchmark rate unchanged as headline inflation. none of the economists pred

exchange, inprince, a victory. london, it will trade in riyadh. he will claim this as a victory. range,er end of the valuing the company at $1.7 trillion. of course, the ipo has not been without set backs. when he first touted this, he said it was worth $2 trillion. it has basically been snubbed by foreign investors as too high. what this ipo is doing, it is local investors, banks are lending big or it. local households and corporations are shifting the money to the government. it is really just a local event. for mohammad bin salman, i'm sure he is saying, this one point 7 trillion, getting the ipo off the ground. still waiting to hear from the opec meeting. brent and wti are unfairly today. but saudi is beating qatar in a football match. that is another victory for him tonight. is a key issue, what happens at the opec meeting, if they are able to curb supplies, that would be good for the bottom line of aramco. good timing for them on the pricing of this that there is a big speculation in the price outlook? annmar

shares jumpedon the open, the maximum 10% on the stock exchange in riyadh limit up. the state owned oil giant is the world's most valuable company list at 1.9 trillion, that's about 6 exxons and above apple which has a market cap of almost 1.2 trillion. >> well placed deal. a lot of people in saudi arabia decided to buy this stock. and that boosted it. i think sometimes you get deals and they pretty much determine where it is going to be. so now the question is, yield. and whether the yield exceeds what mike worth is offering on chevron. i think it will. i don't think it makes people suddenly all excited about the oil stocks, but it does say that there is appetite for equities at least in one country. >> definitely true all the hand wringing about esg, and how that might weigh on demand has not turned out to be a story today. >> no. and yet -- talk about esg for a second, a piece from morgan stanley -- >> evaluate -- very serious, evaluating our information technology, hardware coverage to an esg lens. do you know there are machines, actual software, dedicated to fin

this is what it looks like to launch the world's most valuable company on the stock exchange for the 1st time. saudi aramco pride and joy of the saudi arabian royal family kingdom has gone public to made its long awaited market debut in riyadh on wednesday to much fanfare in any pre-treating the shares reached $9.39 each that was enough to hit the 10 percent cap on day the price rises devalues the company it's almost $1.00 trillion dollars short of crown prince mohammed bin salmond's targets 2 trillion but nevertheless seen as a cause for celebration. today the kingdom of saudi arabia is. no longer the only shareholder of the company. more than 5000000 shareholders have joined including citizens and residents in this kingdom and other c.c.c. countries in addition to saudi regional and international investment institutions this is a day when everyone in saudi aramco and in the kingdom can be immensely proud. thanks wherever their listing is not all it was meant to be the idea was originally conceived to bring in foreign investment but in the end there was limited interest from abroad

this is what it looks like to launch the world's most valuable company on the stock exchange for the 1st time. saudi aramco pride and joy of the saudi arabian royal family and kingdom has gone public it made its long awaited market dead view in riyadh on wednesday to march fanfare. and early pre-treating the shares hit $9.39 each that's a 10 percent jump from the starting price enough to hit the regulatory cap on daily increases or decreases for the stock. that pushes the company's value up to $1.00 trillion dollars the kingdom wants a 2 trillion dollar valuation since the sale of $25600000000.00 worth of shares last week it has been encouraging all and sundry in saudi arabia to buy up as much stock as possible to. the yuan was that. today the kingdom of saudi arabia is no longer the only shareholder of the company a lot. more than 5000000 shareholders have joined including citizens and residents in this kingdom and all the c.c.c. countries in addition to saudi regional and international investment institutions this is a day when everyone in saudi aramco and in the kingdom can be imm