Saudi Aramco stock price prediction: Can positive momentum continue in December?

Shares of Saudi Aramco (Tadawul: 2222) are trading 5.3% higher in November after losing more than 6% in December. Fundamental analysis: International bond offering to fund dividend payment  Saudi Aramco will sell bonds to boost its balance sheet as the world’s largest oil exporter struggles to cope with falling oil prices in 2020. The company has already secured $12 billion last year after receiving offers from international investors worth more than $100 billion. The oil giant has reportedly instructed Goldman Sachs, Citi, HSBC, JPMorgan, Morgan Stanley and NCB Capital to generate offers. “The backdrop is supportive,” a debt banker said.