Aramco shares see second straight day of gains thanks to record Q1 profit

In response to the results, shares soared 4.2 percent last session and extended gains by 0.4 to end the trading day at SR42.5 on Monday
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Updated 16 May 2022
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Aramco shares see second straight day of gains thanks to record Q1 profit

  • Aramco has recently been in a race with Apple Inc. for the world’s top-valued firm spot

RIYADH: Shares of the world’s largest oil producer Saudi Aramco saw their second straight day of gains on Monday, thanks to record quarterly earnings.

Aramco’s profit was up 82 percent in the first quarter of 2022 to SR148 billion ($40 billion), beating analysts' forecasts with the highest quarterly profit since it joined the Saudi Exchange.

In response to the results, shares soared 4.2 percent last session and extended gains by 0.4 to end the trading day at SR42.5 on Monday.

Aramco has recently been in a race with Apple Inc. for the world’s top-valued firm spot.

With the tech major being pressured by rising inflation, strong oil prices drove state-owned Aramco to claim the top position globally in terms of market cap last week.


Stc partners with Qiddiya as Six Flags official connectivity provider

Updated 22 December 2025
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Stc partners with Qiddiya as Six Flags official connectivity provider

RIYADH: Saudi stc Group has announced its partnership with Qiddiya as the official connectivity partner for the Six Flags theme park, providing telecom services, smart city solutions, and an integrated digital infrastructure in line with global standards, coinciding with the park’s official opening.

Under the partnership, stc will deliver an advanced digital ecosystem to enhance visitors’ experiences at Qiddiya, offering high-performance connectivity and smart technologies to facilitate entry and manage visitor flow within the park, ensuring a seamless and safe experience.

The collaboration reflects stc’s commitment to providing advanced digital infrastructure that supports Qiddiya’s ambitions and elevates the visitor experience.

By leveraging smart connectivity, smart city technologies, and innovative payment solutions, stc aims to deliver an integrated and streamlined experience across the destination.

The initiative also highlights stc’s role in supporting the tourism and entertainment sectors with world-class digital infrastructure that aligns with Saudi Arabia’s vision and future goals.