Aramco shares rise 10% on the Saudi oil giant's market debut in the world's biggest-ever initial public offering
DUBAI—Aramco shares rose 10% in Riyadh early Wednesday, as Saudi Arabia began trading them after the world’s largest initial public offering.
The trading debut caps a four-year drive by Crown Prince Mohammed bin Salman to deliver the listing of state-backed Aramco. The public offering of the world’s most profitable company is part of a sweeping overhaul of the kingdom’s economy to invest in non-oil industries and create jobs for young Saudis.
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