Saudi Aramco set to pay quarterly dividend

07/05/2018 Argaam

 

Saudi Arabian Oil Co. (Saudi Aramco) is set to pay out dividend on a quarterly basis, the Kingdom’s Ministry of Finance said, adding that the oil giant has already paid out a large portion of dividend for Q1 2018.

 

The relevant impact will appear in Q2, the ministry added.

 

Saudi Arabia reported a budget deficit of SAR 34.3 billion in Q1 2018, representing  about 18% of the expected annual deficit.

 

Oil revenues hit SAR 113.95 billion, increasing 2 percent YoY.

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.