Logo of Saudi Aramco
Shares of Saudi Arabian Oil Co.'s (Saudi Aramco) hit today, Sept. 28, their highest level since September 2020.
The stock closed 4% higher at a one-year high of SAR 36.55, seeing active trading on 31.5 million shares – the highest since September 2020.
Brent oil rose today to its highest level in three years, crossing the $80/barrel mark, amid strong global demand for crude in line with continued recovery from the pandemic.
Aramco was established in Saudi Arabia under a Royal Decree on Nov. 13, 1988. The company is wholly-owned by the Saudi government, with SAR 60 billion paid-in capital, divided into 200 billion ordinary shares without par value.
The company debuted on the Saudi Stock Exchange (Tadawul) in December 2019.
Aramco's main purpose is undertaking all energy-related activities, including hydrocarbon and chemicals, as well as other related and complementary industries, or any other activity within the Kingdom or abroad.
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Stock Performance |
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Annual High (SAR) |
36.65 |
Sept. 28, 2020 |
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Annual Low (SAR) |
33.45 |
Oct. 29, 2020 |
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Historical High (SAR) |
38.70 |
Dec. 12, 2019 (second day of listing) |
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Historical Low (SAR) |
27.00 |
March 9, 2020 |
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Highest traded volume (mln shares) |
417.9 |
Dec. 12, 2019 (second day of listing) |
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