Saudi Aramco hits market value of Brazilian companies on the stock exchange

Even with the Ibovespa breaking the record highs, now close to the 109,000 points, the market value of all companies listed in Brazil loses to the estimated figure for Arab oil giant Saudi Aramco, which is expected to debut on the list of companies listed worth $1.5 trillion. The amount is $500 billion lower than b3's consolidated companies. There are 328 in total and together have a market value of R$ 4.3 trillion, equivalent to a little over US$ 1 trillion. Big people. Arab giant Saudi Aramco chose the Saudi Stock Exchange (Tadawul) in Riyadh to list its shares. In B3, the owner of the largest market value is also an oil company, Petrobras – in the days of Lava Jato, the company even lost its post to Itaú Unibanco – with more than R$ 410 billion, or, in amounts close to US$ 100 billion. This is, moreover, the estimated value of Saudi Aramco's initial stock offering (IPO), which will be the largest ever seen around the globe.