Published on: March 26, 2024
Author: Derar Hasn
| Table of Content |
| How to Buy Aramco Shares in Dubai with amana |
| The Saudi Arabia Stock Exchange |
| Investing in Saudi Aramco Stock Shares |
| Saudi Aramco Share Price |
| How To Buy Aramco Shares in Dubai with amana |
Saudi Aramco (TADAWUL: 2222) is the largest oil producer in the world. It is officially known as Saudi Arabian Oil Company, a state-owned establishment that can compare with tech giants like Apple (AAPL) and Alphabet's Google (GOOGL) when it comes to profitability. The exact ranking can fluctuate based on oil prices, market conditions, and the financial performance of the involved companies in a given fiscal year.
Having that said, Saudi Aramco boasts a rich history dating back to the discovery of oil in the Kingdom in the 1930s. With an extensive portfolio spanning exploration, production, refining, and distribution, the company plays a pivotal role in shaping the global energy landscape.
The Saudi Stock Exchange, known as Tadawul, serves as the primary hub for financial trading in the Kingdom of Saudi Arabia. More so, this is where people can invest in publicly traded stocks like Saudi Aramco (Tadawul: 2222).
Established in 2007, Tadawul has rapidly evolved into the largest stock exchange in the Middle East and North Africa region. It provides a platform for diverse companies to list their shares, enabling domestic and international investors to participate in the Saudi Arabian economy.
Tadawul has played a crucial role in advancing the Kingdom's capital market reforms. With its commitment to aligning with international standards, Tadawul has become an increasingly attractive destination for investors seeking opportunities in the dynamic Saudi Arabian market.
As Saudi Arabia continues its economic diversification efforts, Tadawul remains a key instrument in channeling investment, promoting financial stability, and contributing to the overall growth and development of the nation's financial sector.
Description: All-Time Price Movement of Saudi Aramco. Dec. 2019 – Feb. 2024. Source: TradingView)
Saudi Aramco’s (TADAWUL: 2222) stock performance is closely linked to the dynamic oil and energy sector, impacted by factors like oil prices, geopolitical events, and corporate strategies.
The company's substantial oil reserves and technological prowess make its stock a focal point for investors in the Middle East following its historic initial public offering in December 2019.
Fun Fact: The total market capitalization of Saudi Aramco (TADAWUL: 2222) is 7.50 trillion SAR or approximately 2 trillion USD.
For those who want to buy Aramco shares in Dubai, you can do so through trusted brokers like amana. On February 6, 2024, Aramco traded at 31.35 SAR (via YahooFinance).
The company also tends to payout dividends.
Dividend Payout History (2023)
| Ex-date | Record date | Pay date | Amount | Frequency |
| 11/15/2023 | 11/16/2023 | 11/30/2023 | 0.153 | Special |
| 11/15/2023 | 11/16/2023 | 11/30/2023 | 0.302 | Quarterly |
| 9/11/2023 | 9/12/2023 | 9/27/2023 | 0.153 | Special |
| 9/11/2023 | 9/12/2023 | 9/27/2023 | 0.302 | Quarterly |
| 5/17/2023 | 5/18/2023 | 5/31/2023 | 0.302 | Quarterly |
| 3/15/2023 | 3/16/2023 | 3/20/2023 | 0.302 | Quarterly |
Description: Dividend Payout History (2023)
Saudi Aramco’s last dividend per share was 0.46 SAR. As of February 7, 2024, its Dividend Yield (TTM)% is 4.89%. (via TradingView)
amana is the leading neo-broker in the region. We pride ourselves on being one of the major brokerage firms that offers an all-in-one trading platform, designed for both novice and experienced traders. And of course, if you’re looking to buy Aramco shares in Dubai, amana can be your go-to platform.
amana: your all-in-one trading platform
amana's multi-asset platform offers an extensive array of financial assets, encompassing local and global stocks, cryptocurrencies, forex, ETFs, indices, commodities, derivatives, etc.—all in one account.
What is more, amana can be used on both mobile and desktop devices—amana.app and amanaWeb. amana also offers MetaTrader 4 (MT4) and MetaTrader 5 (MT5) for those who want to use sophisticated trading tools. And you can manage all these seamlessly under one account!
Amana is also regulated by esteemed authorities like the Dubai Financial Services Authority (DFSA), which helps ensure integrity, fairness, and reliability for customers.
Read more: 10 reasons to download the amana app
Moreover, to buy Aramco shares in Dubai through amana, you can follow these easy and simple steps:
First, open a trading account with amana and provide the necessary documentation and information. Finish the registration to start trading. Once registered, you can use our app or desktop version to trade.
Once the account is verified and funded, you can use the amana.app or amanaWeb to buy Aramco shares in Dubai.
It's crucial to stay informed about the latest market trends, Aramco's financial performance, and any relevant news that may impact stock prices. Thankfully, you can all see it on the amana platforms.
And if you feel a little lost, our Customer Support team offers assistance and guidance throughout the process, ensuring a seamless experience for investors looking to participate in the dynamic stock market in Dubai.
