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.

 

Saudi Aramco Stock Performance

Annual high (SAR)

37.20

Oct. 5, 2021

Annual low (SAR)

33.45

Oct. 29, 2020

Historical high (SAR)

38.70

Dec. 12, 2019 (The second day post debut)

Historical low (SAR)

27.00

March 9, 2020

Highest trading volume (mln shares)

417.9

Dec. 12, 2019 (The second day post debut)

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