Saudi oil giant “Aramco” has removed Microsoft to become the world's second-largest company by value of $2.11 trillion (7.92 trillion riyals) after the company's stock reached the level of 36 riyals.
Apple still holds the top spot, with a market capitalization of nearly $2.6 trillion, followed by Aramco ($2.11 trillion) and Microsoft ($2.05 trillion). Saudi Aramco's rise came after Crown Prince Mohammed bin Salman announced this month that it would transfer 4 percent of its shares to Sanabil Investment Company, which is wholly owned by the Public Investment Fund.
Source (Al-Arabiya.net Website, Edited)
