Saudi Arabian Oil Company (Saudi Aramco)was originally established in the Kingdom by virtue of Royal Decree No. M/8 dated 4/4/1409H (corresponding to 13 November 1988G) as a company wholly owned by the State with a fully paid share capital of sixty billion Saudi Riyals (SAR 60,000,000,000). It became a Saudi joint stock company on 14/4/1439H (corresponding to 1 January 2018G) by virtue of the Bylaws, which were approved by Council of Ministers Resolution No. 180 dated 1/4/1439H (corresponding to 19 December 2017G). The current share capital of Saudi Aramco is sixty billion Saudi Riyals (SAR 60,000,000,000), consisting of two hundred billion (200,000,000,000) ordinary shares with no par value.
The Saudi Arabian Refineries Company participates in this company in the amount of one million one hundred and thirty five thousand three hundred and ninety two riyals (1,135,392 riyals) with the number of thirty five thousand four hundred and eighty one shares (35,481 shares).