Saudi Aramco says share transfer to PIF won’t affect strategy, dividend policy

Saudi Aramco's tanks

Saudi Aramco said the transfer of 4% of its shares to the Public Investment Fund (PIF), will not affect the company’s operations, strategy, dividend policy or governance framework. 

The transfer process will not impact the company’s total number of issued shares, Saudi Aramco said in a statement to Tadawul.

The transferred shares are similar to other existing ordinary shares in the company.

Any material development will be duly disclosed according to applicable rules and regulations, the statement added.

For More Mergers and Acquisitions