Riyadh — November 12, 2025. Saudi Aramco (Tadawul: 2222) inched higher on Wednesday, closing at 25.96 SAR, up 0.08% on the day. The move came after a soft start to the session and against a mixed backdrop for Gulf equities. [1]
Price Action at a Glance (Nov 12, 2025)
- Close: 25.96 SAR (+0.08%)
- Day’s range: 25.84–25.96 SAR
- Open: 25.90 SAR
- Volume: ~6.82 million shares
- 52‑week range: 23.04–29.00 SAR
Figures reflect official market data for today’s session on the Saudi Exchange. [2]
What Moved the Stock Today
Oil drifted lower intraday. Crude traded in a lower band with Brent around $63–65 per barrel during U.S. hours as traders weighed oversupply signals and near‑term demand risks—typically a headwind for Aramco and the wider TASI. [3]
Gulf markets were subdued. Regional indices were mixed during the session; early trading saw Saudi stocks lack clear direction before stabilizing into the close. [4]
Company News Today: Aramco Signs 28 MoUs Worth Over $1 Billion
On Wednesday, Aramco announced 28 memoranda of understanding (MoUs) totaling more than $1 billion unveiled at the 19th Middle East Corrosion Conference & Exhibition (MECC) in Dhahran. The agreements focus on advanced materials, technology collaborations, localization of manufacturing, and workforce development—areas that support asset integrity and long‑term operating efficiency. [5]
The MECC event runs November 11–13 at Dhahran Expo, underscoring a broader push by Aramco to apply AI and IIoT to corrosion management and reliability. [6]
Marketing & Macro: December Barrel Flows in Focus
- Europe: Aramco will supply December volumes in full to two European term buyers, while a third opted not to nominate Saudi barrels amid weaker bitumen demand—a reminder that year‑end destocking and grade competition can whipsaw short‑term flows. [7]
- India: Middle East suppliers—including Saudi Aramco—are raising December supplies to Indian refiners as sanctions reroute trade and OSP cuts make Gulf grades more competitive. [8]
- Pricing: Aramco cut December OSPs for Asian buyers last week (e.g., Arab Light to +$1/bbl vs. Oman/Dubai), a tactical move to defend market share while OPEC+ output rises. European formula prices were held steady. These pricing choices frame near‑term margins and can influence investor sentiment. [9]
Dividends & Key Dates (Near‑Term)
- Base dividend:0.3278 SAR/share for Q3 2025
- Performance‑linked dividend:0.0034 SAR/share (FY 2024 mechanism)
- Eligibility (record) date:November 17, 2025
- Payment date:November 26, 2025
Income‑focused holders typically watch the record and ex‑dividend dates closely, which can affect trading patterns in the days surrounding them. [10]
Earnings Snapshot (Context for Today’s Tape)
Aramco’s latest quarterly update keeps fundamentals in view heading into year‑end. For Q3 2025, the company reported ~SAR 97.3 billion net income (≈$26.9 billion), contributing to SAR 278.6 billion in profit for the first nine months of 2025. While not “new” today, these figures remain the anchor for valuation discussions. [11]
What to Watch Next
- Crude trajectory: Oversupply concerns and agency forecasts pointing to ample inventories into 2026 will keep oil prices—and by extension Aramco’s multiple—under pressure if confirmed by data. [12]
- December/January OSPs & nominations: Follow‑through on today’s Europe/India allocation signals will inform utilization and pricing power into Q1. [13]
- Dividend capture: With the Nov 17 eligibility date approaching, trading around ex‑div mechanics may add near‑term noise. [14]
Bottom Line
Aramco closed slightly higher at 25.96 SAR despite softer oil and a muted regional tape. The $1bn MoU round at MECC underscores ongoing investment in reliability and materials science, while December pricing and allocations reveal a nimble approach to defending share in an oversupplied market. With the dividend record date on Monday and oil still the critical swing factor, the near‑term setup hinges on crude stability and how year‑end flows evolve. [15]
Key Data (Nov 12, 2025)
- Close: 25.96 SAR (+0.08%)
- Volume: ~6.82M
- Range: 25.84–25.96 SAR
- 52‑week: 23.04–29.00 SAR
- Next dividend eligibility: Nov 17, 2025; Payment Nov 26, 2025. [16]
This article is for information only and does not constitute investment advice.
References
1. www.investing.com, 2. www.investing.com, 3. www.bloomberg.com, 4. www.reuters.com, 5. www.zawya.com, 6. mecconline.com, 7. www.argusmedia.com, 8. www.reuters.com, 9. www.reuters.com, 10. www.aramco.com, 11. www.argaam.com, 12. www.reuters.com, 13. www.argusmedia.com, 14. www.aramco.com, 15. www.investing.com, 16. www.investing.com
