Logo of Saudi Aramco
Shares of Saudi Arabian Oil Co. (Saudi Aramco) hit their highest level since listing, at SAR 46 today, March 7.
The stock closed less than 1% higher at SAR 44.80, with nearly 30 million shares traded.
Accordingly, Saudi Aramco’s market capitalization reached nearly SAR 8.96 trillion ($2.39 trillion).
Oil prices exceeded $139 a barrel, as media reports confirmed that the US is considering banning Russian oil imports.
Aramco was established in Saudi Arabia by a royal decree on Nov. 13, 1988. The company is fully owned by the Saudi government with paid-up capital of SAR 60 billion, divided into 200 billion ordinary shares without a face value.
The company was listed on the Saudi market in December 2019.
Aramco’s primary objectives encompass all aspects of energy-related activities, including hydrocarbons, chemicals and other related and complementary industries, or any other activity inside or outside Saudi Arabia.
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Aramco Stock Performance |
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Annual High (SAR) |
46.00 |
Today, March 7, 2022 |
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Annual Low (SAR) |
34.40 |
July 12, 2021 |
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Historical High (SAR) |
46.00 |
Today, March 7, 2022 |
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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 listing day) |
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