Saudi Aramco shares reached 34.45 riyals (about $ 9.18) in early trading, the lowest level since its shares began trading on December 11, after a record IPO.
At 07:06 GMT, Aramco shares fell 0.14% to 34.50 riyals. It has lost almost 11% since the price reached 38.70 riyals.
The IPO price was 32 riyals per share, which valued Aramco at about $ 1.7 trillion, making it the most valuable company in the world.