Saudi Aramco ends 4% up at 1-year high

28/09/2021 Argaam Special

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.

 

Stock Performance

Annual High (SAR)

36.65

Sept. 28, 2020

Annual Low (SAR)

33.45

Oct. 29, 2020

Historical High (SAR)

38.70

Dec. 12, 2019 (second day of listing)

Historical Low (SAR)

27.00

March 9, 2020

Highest traded volume (mln shares)

417.9

Dec. 12, 2019 (second day of listing)

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