(MENAFN) Saudi has proclaimed that oil giant Aramco is worth more than USD2tr, to consume Apple Inc. twice and still have room for Google parent Alphabet Inc.
Furthermore, this means Saudi Arabia would earn a fraction of the USD100bn implied by its valuation if it sells 5 percent to the public in the coming year.
Meanwhile, Wood Mackenzie Ltd came up with a rough valuation of the firm's core business of USD400bn.
In Feb, the oil producer doesn't comment on rumors or speculation, while there is a lot of guesswork included in sizing up a firm that is never revealed fiscal statements.
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