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Saudi Aramco Shares Fall Below IPO Price for First Time

Shares in Saudi Arabian state oil giant Aramco fell Sunday, after concerns around the fast-spreading coronavirus sent oil prices lower and a longstanding partnership between the world’s largest oil producers splintered.

Saudi Arabian Oil Co., as the company is formally known, slid as much as 9% in Sunday trading in Riyadh, dropping below 30 riyals. That takes the stock below the 32 riyals per share level that the company was listed at less than three months ago.

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