Saudi Arabian Oil Co.’s (Saudi Aramco) shares were placed on a trading halt based on the company’s request, effective as of today, at 11.48 a.m., the Saudi Stock Exchange (Tadawul) said in a bourse statement on Tuesday.

 

Saudi Aramco said it will unveil a material event, the statement added.

 

Order maintenance period will start at 11:50 a.m.

 

The world’s largest oil exporter said it will provide clients with 12.3 million barrel per day (bpd) in April, up by 300,000 bpd compared to the company's maximum sustained capacity of 12 million bpd, Argaam reported.

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