Saudi Aramco (Tadawul: 2222) trades at approximately 25.60 SAR (~$6.83 USD) as of February 2026. The stock has dropped roughly 7.4% over the past year. Its current market capitalization sits at $1.66 trillion, making it the world's seventh most valuable publicly traded company.
Nine analysts currently rate Saudi Aramco as a "Buy" with zero "Sell" recommendations. The average 12-month price target is SAR 28.28, with a high estimate of SAR 33.00 and a low of SAR 25.20. Morningstar assigns a fair value of SAR 49.40, suggesting the stock is significantly underpriced relative to its reserves and cash flow. The stock offers a trailing dividend yield of about 5.18%, which keeps income-focused investors interested despite the price decline from 2022 highs. Oil price volatility and OPEC+ production decisions remain the primary risk factors for energy sector equities in 2026.
Apr 2019
Debut international bond issuance raised $12 billion under the Global Medium Term Note Program, listed on the London Stock Exchange.
Bond Issuance
Dec 2019
IPO on the Tadawul raised $25.6 billion — the largest initial public offering in history. Approximately 1.5% of shares were sold to public investors.
IPO — $25.6B
Nov 2020
Issued $7.5 billion in dollar-denominated notes with maturities in 2025, 2030, 2050, and 2070.
Bond Issuance — $7.5B
Jun 2021
Raised $6 billion through a three-tranche sukuk (Islamic bond) offering with maturities in 2024, 2026, and 2031.
Sukuk Issuance — $6B
Jun 2024
Secondary share offering of 1.545 billion shares at SAR 27.25 (~$7.27) each, raising $11.2 billion. Over half went to foreign institutional investors.
Secondary Offering — $11.2B
Jul 2024
Completed a $6 billion three-tranche bond offering with 10, 30, and 40-year maturities. Order book peaked above $33 billion.
Bond Issuance — $6B
Oct 2024
Issued $3 billion in international sukuk with maturities in 2029 and 2034. Both tranches were oversubscribed.
Sukuk Issuance — $3B
Government of Saudi Arabia
Stake
~81.2% (direct)
Type
Sovereign Owner
Since
1980 (full control)
Value
~$1.35 Trillion
Public Investment Fund (PIF)
Stake
~16% of shares
Type
Sovereign Wealth Fund
Transfer
8% transferred Mar 2024
Value
~$265 Billion
International Institutional Investors
Stake
~0.73% of shares
Type
Foreign Institutions
Entry
IPO 2019 + 2024 SPO
Access via
Tadawul / QFI accounts
Domestic Institutional Investors
Stake
~0.89% of shares
Type
Saudi Institutions
Entry
IPO 2019 + 2024 SPO
Includes
Banks, funds, insurers
Retail Investors
Stake
~0.76% of shares
Type
Individual / HNW
Entry
IPO 2019 + open market
Dividend Yield
~5.18% trailing
ETF / Index Fund Exposure
Key ETFs
KSA, FLSA, CWI
Index
MSCI EM, TASI
Access
Indirect via global ETFs
