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Who owns most of Aramco?

Published in Aramco Ownership 2 mins read

The Government of Saudi Arabia is the principal owner of Aramco, holding the largest share.

Aramco, one of the world's leading integrated energy and chemicals companies, has a ownership structure primarily dominated by the Saudi Arabian state. This significant stake reflects the strategic importance of Aramco to the nation's economy and global energy landscape.

Aramco's Ownership Breakdown

The majority ownership of Aramco lies with the Saudi Arabian government, either directly or through state-controlled entities. Below is a detailed look at the primary shareholders:

Shareholder Equities Held Ownership Percentage Valuation (SAR)
Government of Saudi Arabia 197,191,280,000 shares 81.48 % 1441 Billion ﷼
Public Investment Fund (Investment Company) 38,720,000,000 shares 16.00 % 283 Billion ﷼
Fidelity Management & Research (Hong Kong) Ltd. 6,195,110 shares 0.002560 % 45 Million ﷼
MFS International (UK) Ltd. 6,093,265 shares 0.002518 % 45 Million ﷼

Data as per latest available information from financial market data providers.

Dominant State Control

As the table illustrates, the Government of Saudi Arabia directly controls an overwhelming 81.48% of Aramco's shares. Furthermore, the Public Investment Fund (PIF), Saudi Arabia's sovereign wealth fund, holds an additional 16.00%. When combined, these two entities, both ultimately controlled by the Saudi state, account for 97.48% of Aramco's total shares. This indicates an almost complete state ownership of the company.

The remaining small percentages are distributed among various institutional investors, like Fidelity Management & Research and MFS International, and public shareholders who acquired stock during Aramco's initial public offering (IPO). However, their combined stake is minuscule compared to that of the Saudi government and its sovereign fund.

For more detailed information on Aramco's corporate structure and shareholding, you can refer to reputable financial data sources such as MarketScreener.