Aramco shares hit highest level since August 2022

Nearly 7.5 million shares have been traded so far.

The oil giant reported a SAR 117.5 billion profit in Q1 2023.

Moreover, the company’s shareholders approved a 10% capital hike via bonus issue and the amended share price.

Saudi Aramco will distributed cash dividend of SAR 0.3 per share for the first quarter of 2023.

It also announced a mechanism for performance-linked dividends, in addition to the applicable base dividend.

Saudi Aramco was originally established by virtue of a royal decree issued on Nov. 13, 1988, as wholly owned by the government, with a fully paid share capital of SAR 75 billion, divided into 220 billion ordinary shares with no par value.

Saudi Aramco’s shares listed on Tadawul in December 2019.

The oil major is engaged in all energy-related business activities including hydrocarbons, chemicals and other associated and complementary industries, or any other activity, in or outside the Kingdom.

*Data & prices amended according to capital changes

*There is no nominal value for Saudi Aramco shares.