Logo of Saudi Aramco
Saudi Arabian Oil Co.'s (Saudi Aramco) shares rose today, May15, by 4% to SAR 42.35, recording its highest price close since debut, with a traded volume of about 16.4 million shares.
The stock hit its highest price level since debut – after capital was adjusted to add bonus issue shares – at SAR 42.90.
Thus, the company's market capitalization rose to about SAR 9.32 trillion ($2.48 trillion), strengthening Aramco’s position as the world's biggest company in terms of value.
The company's shareholders approved a 10% capital top-up through a bonus share distribution at 1-for-10, bringing its total of shares to 220 billion, from 200 billion. The stock’s closing price was adjusted to SAR 40.65 on May 12.
The oil giant posted today a net profit of SAR 143 billion after minority interest for Q1 2022. It decided to distribute a cash dividend at SAR 0.32 per share.
Aramco, established in 1988, is wholly-owned by the Saudi government, with SAR 60 billion fully-paid capital, divided into 200 billion ordinary shares, with no par value.
The company debuted on Tadawul in December, 2019.
Aramco's main objective is to carry out all energy-related activities, including hydrocarbon and chemical industries as well as complementing industries, inside the Kingdom and abroad.
Stock Performance |
||
Highest YTD (SAR) |
42.90 |
May 15 |
Lowest YTD (SAR) |
31.28 |
July 12 2021 |
Highest historically (SAR) |
42.90 |
May 15, 2022 |
Lowest historically (SAR) |
24.55 |
March 9, 2020 |
Highest trades (mln shares) |
459.55 |
Dec. 12, 2019 (second day of listing) |
*Data and quotes amended according to capital adjustments
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