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Auction 4 17 September 2016
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Saudi Arabia , Medal , 2008 , 75 Years of Establishment of Saudi Aramco , BU
The Saudi Arabian Monetary Agency (SAMA) has issued this medallion on the occasion of the completion of 75 years since the establishment of Saudi Aramco (1933-2008). Issued Year: 2008 (AH 1429). Weight: 31.10g (one ounce). Diameter: 40mm. Edge: Reeded. Fineness: .999 Silver. Mintage: N/A. Mint: unknown. In 1933, during the reign of HM King Abdulaziz Bin Abdulrahman Al Saud, the Kingdom of Saudi Arabia granted oil concession and in 1936 the drilling began in Dammam Well no. 7. The Custodian of the two Holy Mosques, King Abdullah Bin Abdulaziz Al Saud, renamed it "Prosperity Well" in 2008, since it was the first well to produce oil commercially in Saudi Arabia.
The Saudi Arabian Monetary Agency (SAMA) has issued this medallion on the occasion of the completion of 75 years since the establishment of Saudi Aramco (1933-2008). Issued Year: 2008 (AH 1429). Weight: 31.10g (one ounce). Diameter: 40mm. Edge: Reeded. Fineness: .999 Silver. Mintage: N/A. Mint: unknown. In 1933, during the reign of HM King Abdulaziz Bin Abdulrahman Al Saud, the Kingdom of Saudi Arabia granted oil concession and in 1936 the drilling began in Dammam Well no. 7. The Custodian of the two Holy Mosques, King Abdullah Bin Abdulaziz Al Saud, renamed it "Prosperity Well" in 2008, since it was the first well to produce oil commercially in Saudi Arabia.