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Saturday, May 21, 2022
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Aramco shares hit highest price at SR46.10 since listing in Saudi market
Aramco's share on Sunday has recorded the highest price since listing in the Saudi market at SR46.10.
Aramco's share is trading at an increase of about 3%, with transactions amounting to about 7 million shares.
With the rise in Aramco's shares, the company's market value has reached about SR8.96 trillion, equivalent to $2.39 trillion.
Aramco has set the June Arab Light crude official selling price (OSP) for Northwest Europe at $2.10 a barrel, above the price of Brent on the Intercontinental Exchange (ICE).
It is noteworthy that Crown Prince Mohammed Bin Salman had announced earlier, the transfer of 4% of Aramco's shares to the Public Investment Fund (PIF).
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