Logo of Saudi Aramco
Shares of Saudi Arabian Oil Co. (Saudi Aramco) hit their highest price since December 2019, at SAR 37.20, today, Oct. 5.
The stock closed today's session 2% higher at SAR 37.05, the highest close since December 2019, with a traded volume of 20.2 million shares.
OPEC+ decided on Oct. 5 to keep the oil production policy unchanged in November, with the continued strength of demand for crude globally. Brent crude hit a three-year high of $81.26 a barrel.
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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Saudi Aramco Stock Performance |
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Annual high (SAR) |
37.20 |
Oct. 5, 2021 |
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Annual low (SAR) |
33.45 |
Oct. 29, 2020 |
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Historical high (SAR) |
38.70 |
Dec. 12, 2019 (The second day post debut) |
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Historical low (SAR) |
27.00 |
March 9, 2020 |
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Highest trading volume (mln shares) |
417.9 |
Dec. 12, 2019 (The second day post debut) |
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