Saudi Aramco expects to announce Q1 2020 dividends in May

15/03/2020 Argaam

 

The Saudi Arabian Oil Co. (Saudi Aramco) expects to announce Q1 2020 dividends, along with the company’s first quarter financial results next May.

 

For the current year, the giant oil producer plans to declare aggregate ordinary cash dividends of at least $75 billion, to be paid quarterly, subject to the board of directors’ approval and according to its IPO prospectus.

 

Saudi Aramco has previously paid a cash dividend of SAR 14.76 billion, or $3.94 billion for the period from Dec. 5, 2019, the date IPO shares were allocated to investors, through Dec. 31, 2019.

Comments {{getCommentCount()}}

Be the first to comment

loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.