Tue. Sep 29th, 2020

Saudi Aramco becomes world’s biggest listed company as shares surge 10% – business live

Rolling coverage of the latest economy and financial news, as Aramco shares begin trading on the Tadawul

8.59am GMT

Aramco’s role as the top CO2 producer could (indeed should) deter some investors from taking a stake, if they take the climate emergency seriously.

Andy Critchlow of S&P Global Platts says fund managers will have environmental, social and corporate governance concerns:

Heading into London to talk #AramcoIPO on @CNBC. According to @SPGlobalPlatts news team calculations the world’s largest listed company produces 1.6 billion tons of CO2 annually. Hard for international fund managers to ignore. #ESG pic.twitter.com/CktN5rDy6m

8.25am GMT

The boss of Aramco, Amin Nasser, is understandably happy about today’s float.

CNBC’s Emma Graham reports:

Aramco CEO Amin Nasser tells reporters in Riyadh “we are happy with the results today & we have seen the market response.. We continue to be the leader globally when it comes to the energy sector & at same time we are looking at sustained & growing dividends to our investors.”

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