‎Shares of Saudi Aramco hit highest since September 2020

‎Shares of Saudi Aramco hit highest since September 2020

‎Shares of Saudi Arabian Oil Co. (Saudi Aramco) hit their highest price since September 2020, at SAR 37.05, today, Oct. 5.

The stock is trading up 2% in today’s session, with 8 million shares traded so far.

It is noteworthy that OPEC+ decided yesterday 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)

37.05

Oct. 5, 2021

Annual low (SAR)

33.45

Oct. 29, 2020

Historical high (SAR)

38.70

Dec. 12, 2019 (The second debut day)

Historical low (SAR)

27.00

March 9, 2020

Highest trading volume (mln shares)