RIYADH: Oil giant Saudi Aramco shares recorded on Tuesday recorded their highest price since October 2020, at SR36.55 ($9.7), Argaam reported.
The stock is currently trading at a 3 percent increase, with heavy trading exceeding 19 million shares so far.
Global Lighthouse
Aramco’s Abqaiq facility has been added to the World Economic Forum’s Global Lighthouse Network, making it the Saudi company’s third facility in the prestigious list.
The Global Lighthouse status recognizes factories, value chains, and other business models that demonstrate leadership in fourth industrial revolution technologies.
“Through pioneering the large-scale use of 4IR solutions, such as artificial intelligence, Industrial Internet of Things, automation and robotics, we are setting new benchmarks for global industry,” Nabil Al-Nuaim, Aramco’s digital transformation vice president, said.
The Saudi oil producer claims the Abqaiq facility is the largest oil processing plant in the world, providing 5 percent of global oil supplies.
Other Aramco projects in the list are the Uthmaniyah Gas Plant and the Khurais oil complex.
