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Who is the Owner of Saudi Arabian Oil Company?

Published in Saudi Aramco Ownership 1 min read

Saudi Arabian Oil Company, commonly known as Aramco, is predominantly owned by the Government of Saudi Arabia. As one of the world's largest integrated energy and chemicals companies, Aramco plays a crucial role in global energy supply.

While the Government of Saudi Arabia holds the majority stake, other significant entities and public shareholders also own a portion of the company.

Aramco Ownership Structure

The ownership of Saudi Arabian Oil Company is primarily held by the state, with a notable stake also held by its sovereign wealth fund, the Public Investment Fund (PIF). A smaller percentage is held by various institutional investors and public shareholders, following its initial public offering (IPO).

Below is a breakdown of the key shareholders:

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

This structure highlights Aramco's status as a state-controlled entity, with a strategic minority stake held by the Public Investment Fund, reinforcing the Kingdom's direct influence over its vast energy resources. The remaining shares are distributed among a wide array of public and institutional investors.