Saudi Aramco shares hit highest close since November 2022

17/04/2023 Argaam Special
Logo of Saudi Aramco

Logo of Saudi Aramco


Shares of Saudi Aramco rose, today, April 17, by 5% to SAR 34.65 each — the highest close since November 2022, with about 12.6 million shares traded on the Saudi Exchange (Tadawul).

 

The stock hit an all-time high today at SAR 34.75.

 

Crown Prince Mohammed Bin Salman said earlier this week that a 4% stake in the oil major was transferred from state ownership to Sanabil Investments, which is wholly owned by the Public Investment Fund (PIF), data compiled with Argaam showed.

 

Saudi Aramco was originally established by virtue of a royal decree issued on Nov. 13, 1988, as wholly owned by the government, with a fully paid share capital of SAR 75 billion, divided into 220 billion ordinary shares with no par value.

 

Saudi Aramco’s shares listed on Tadawul in December 2019.

 

The oil major is engaged in all energy-related business activities including hydrocarbons, chemicals and other associated and complementary industries, or any other activity, in or outside the Kingdom.

 

Saudi Aramco's Stock Performance as per Tadawul Data*

Annual High (SAR)

43.35

May 16, 2022

Annual Low (SAR)

30.00

Dec. 12, 2022

Historical High (SAR)

43.35

May 16, 2022

Historical Low (SAR)

24.55

March 9, 2020

Highest Trading Volume (mln shares)

459.55

Dec. 12, 2019 (Second Trading Day)

*Data & prices amended according to capital changes

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