(Bloomberg) — Saudi Aramco shares dropped below their IPO level for the first time after oil collapsed and the energy giant kicked off a price war.The slump dealt at least a temporary blow to the showpiece of the Saudi oil-industry three months after it completed a record share sale.The stock fell as much as 6.4% in Riyadh on Sunday to trade at 30.90 riyals, below the 32 riyals they sold for in December’s record $29 billion initial public offering. It trimmed the decline to 6.2% as of 11:23 a.m. local time, while the the benchmark Tadawul All Share Index lost …read more
Source:: Yahoo Finance
