Listed at Tadawul in Saudi Arabia (Stock Symbol: SAOC)
How to Open a Trading Account to Invest in ARAMCO Shares
Opening an investment account with an Online Broker is a process that is completed online and requires:
First, choose the broker that best fits you. Here, we present eToro as the main choice.
Upload an ID and a proof of address (electricity, water bills, etc.), through the Broker's App or via email.
Whether you open it with eToro or with another broker, make sure to choose the right base currency of the account. With some brokers, changing it once you open the account can be painful. Trading Accounts may be based in US Dollars (USD), Euros (EUR), Pound Sterling (GBP), Swiss Franc (CHF), Australian Dollar (AUD) as the base currency. Practically all of them offer the option in US Dollars or Euros.
Once the account has been approved by the Broker, it's time to deposit cash. The depositing and withdrawing money methods are usually Credit Cards, Bank Transfers or eWallets (PayPal, PaySafe, Skrill, SafetyPay, Neteller, among many others). The available options to deposit funds will depend on each Broker. A vital fact to mention is that all of the Brokers presented above allow you to use a simulator on their platform, that is, they allow testing their Demo account, which is totally Free. In other words, you can open a Demo account, try the platform, and then decide whether to deposit money or not.
Upon the capital is credited into your credited account, you may now buy the Stock.
Is it easy to invest in ARAMCO Shares?
Online Brokers allow investing in Shares straightforwardly through optimized apps that grant easy and fast access to financial markets. In fact, most platforms resemble a social network or any other phone app: They are designed so that the investor can learn and start trading very quickly, without the need for much prior knowledge. Literally, to buy shares of ARAMCO, you have to:
open a trading account as explained before,
Search for "ARAMCO" on the Broker's Trading platform, and
press the "Buy" button.
And, done, you are officially investing in the co's shares.
Saudi Aramco is the world's largest energy provider and one of the world's most valuable companies. Aramco is almost twice as large as tech giants Apple and Microsoft. Previously privately owned by the Saudi Government, Aramco went public in December 2019 in one of the largest IPOs in history.
As the sole owner of Saudi Arabia's oil fields, Aramco sits on one of the world's largest oil stockpiles, which is ten times larger than the entire United States' oil supply. Besides, Aramco is the owner of a massive natural gas field, making it the world's largest integrated oil and gas company. Saudi Aramco was founded in 1933 and renamed it in 1988. It is considered the most profitable company globally, and its net income supersedes that of Apple, Google, and Exxon Mobil combined. Since all of its earnings come from oil and natural gas, the Saudi Aramco chart can be influenced by fluctuations in global oil and NATGAS prices. Also, it may be impacted by political factors, as the Saudi Government is still the majority stakeholder in the company.