Saudi state-owned oil giant nears claiming prized position of the world’s most valuable company from Apple
The Saudi Arabian Oil Company plans to create two new divisions. Picture: MAYA SIDDIQI/BLOOMBERG
The Saudi state-owned oil giant has soared on the back of higher energy prices, bringing its market value to $2-trillion, just shy of Apple at $2.3-trillion. Aramco is mostly owned by the government of Saudi Arabia, with just less than 2% of the company publicly listed on the Saudi Tadawul stock exchange.
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