Home True: Saudi Aramco becomes first $2 trillion company, worth same as entire Indian stock market.

True: Saudi Aramco becomes first $2 trillion company, worth same as entire Indian stock market.

By: Madhukar PB

May 11 2020

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True: Saudi Aramco becomes first $2 trillion company, worth same as entire Indian stock market.

Fact-Check

The Verdict True

The Issuers directory of Saudi Aramco company on Tadawul stock exchange and SEBI Bulletin supports the claim.

The Issuers directory of Saudi Aramco company on Tadawul stock exchange and SEBI Bulletin supports the claim.Saudi Aramco achieved the $2 trillion valuations sought by Saudi Crown Prince Mohammed bin Salman, becoming the world's first listed company to hit the milestone. The combined market value of all BSE-listed companies is about $2.1 trillion. Aramco's Initial Public Offering (IPO), which raised a record $25.6 billion, consisted of only 1.5% of the state oil giant's stock.

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