The world's most valuable company: Saudi Arabia puts $1.7 trillion price tag on its oil monopoly

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Saudi Arabia believes its giant state oil monopoly is worth as much as $1.7 trillion.

That means Aramco, the most profitable company in the world, could be worth between 6 trillion riyals and 6.4 trillion riyals — making it also by far the world's most valuable company ahead of Apple.

Saudi Arabia is selling shares in Aramco for the first time as part of an economic diversification plan aimed at weaning the kingdom off oil.

 

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