- Bid farewell to 2025 and welcome 2026.
- On December 23 to 25, 2025, the company's management team conducted a working visit in Beijing.
- On December 20, 2025, the company's management held a remote conference call with the South American Caribbean Coast Project Company.
- On December 18, 2025, the company's management held a remote video conference with the project leader in Turkey.
- On December 16, 2025, the company's management team held a meeting in Hefei to listen to the work report from the Indonesian branch.
Home
>
News
>
Financial News
More
NEWS
Financial News
Apple is Toppled by Oil Giant Saudi Aramco as the Most Valuable Listed Company
In the largest initial public offering in history, a state-owned oil and gas behemoth in Saudi Arabia became the most valuable publicly traded company in the world.
Saudi Arabian Oil Co., aka Saudi Aramco, has just priced its shares at $8.53, which the Wall Street Journal reports is on the higher end of its target range. That figure would give Saudi Aramco a staggering valuation of $1.7 trillion, overtaking Apple's current market value of $1.15 trillion.
Having raised $25.6 billion, the IPO's dollar value also easily eclipsed the current record-holder, China's Alibaba, which raised $25 billion back in 2014.
Toppling American and Chinese tech giants in the record books is clearly a symbolic coup for Saudi crown prince Mohammed bin Salman, but as R-euters points out, the valuation will still fall significantly short of his sought-after goal of $2 trillion. (Of course, it's not too late to start a $300 billion GoFundMe.)
Saudi Aramco began trading on the Saudi stock exchange Tadawul on December 11.
(from http://www.kekenet.com/read/201912/602059.shtml）