Saudis took to Twitter to celebrate Aramco's valuation hitting $2 trillion ...
RIYADH/LONDON - Saudis took to Twitter to celebrate Aramco’s valuation hitting $2 trillion on Thursday, with one posting praising de-facto leader Crown Prince Mohammed bin Salman as a fortune teller.
“He said years ago Aramco’s valuation was $2 trillion and today it is the first company in the world to exceed this number,” al-Zayani added. Local media headlines included “A dream come true” and “Aramco at the top of the world” after the stock’s debut. “The $2 trillion valuation is not a dream,” Saudi economist Fadl Alboainain said, adding: “The government accepted a lower valuation to fast-track the IPO and placed a winning bet on market valuation for the company”.
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