Saudi Arabia's state oil company in the Persian Gulf was worth $ 1.7 trillion after the operation.

The company raised $ 25.6 billion in the largest IPO in history. In all, three billion shares were sold, corresponding to 1.5% of the company's capital.

The price set for the papers was 32 rials ($ 8.53) - the top of the price set in the offer prospectus. As a result, Saudi Aramco's market capitalization after the operation was $ 1.7 trillion, still below the $ 2 trillion estimated by Saudi Prince Mohammed bin Salman.

Saudi Aramco is among the world's top three oil producers, along with the US and Russia, producing over 10 million barrels of oil per day, or about 10 percent of global demand.

The company made a profit of $ 68 billion in 2019 by the end of September. However, with attacks on the company's refining facilities that month, profit fell about 30 percent in the third quarter compared to the same period in 2018 to $ 21.2 billion. The decline was greater than the 17% drop in oil prices in the same period.