Saudi Aramco trades at SAR 25.52 on the Tadawul exchange, down 0.55% from its previous close. The stock has a market capitalization of SAR 6.17 trillion, making it one of the world's largest companies by market value.
Stock Price of Saudi Aramco
Saudi Aramco was state-owned until December 2019. Stock price data is only available from its IPO on December 11, 2019, when shares debuted at SAR 32.
Saudi Aramco Stock Forecast
Analysts maintain a Buy consensus on Saudi Aramco with an average 12-month price target of SAR 28.29, suggesting 10.85% upside from current levels. Price targets range from SAR 25.30 to SAR 33.00. The company's stable dividend yield of 5.16% and dominant position in global oil production support bullish sentiment, though oil price volatility and energy transition pressures remain key risks.
Saudi Aramco Valuation
Timeline of Saudi Aramco Funding
1933
Company Founded
Standard Oil of California (Socal) established the company after securing oil concession rights from Saudi Arabia.
1980
Full Nationalization
Saudi government completed acquisition of 100% ownership, transitioning from private consortium to state enterprise.
December 2019
Record-Breaking IPO
Raised $25.6 billion by selling 1.5% stake at SAR 32 per share—the largest IPO in history.
June 2024
Secondary Offering
Saudi government sold additional 0.64% stake, raising approximately $11.2 billion through follow-on offering.
January 2026
$4 Billion Bond Issuance
Completed four-tranche dollar bond sale through London Stock Exchange with strong investor demand.
Saudi Aramco Investors
Saudi Government (PIF)
Ownership Stake
~82.19%
Type
Sovereign Wealth
Holding Value
~SAR 5.07T
Status
Majority Controller
Public Float (Tadawul)
Ownership Stake
~17.81%
Type
Public Shareholders
Market Value
~SAR 1.1T
IPO Entry
December 2019
Institutional Investors
Major Holders
GCC Sovereign Funds
Type
Institutional
Participation
IPO Anchor
Investment Focus
Long-term Dividend
Retail Investors (Saudi)
Allocation at IPO
0.5% of Offering
Type
Individual Retail
Subscribers
5+ Million
Bonus Shares
1 per 10 held (2020)
