Saudi Aramco Jingles Planned US$ 75 Billion Annual Dividend to Potential Investors

Posted on 10/03/2019

Saudi Arabian Oil Co., Saudi Arabia’s massive state-owned oil company, is planning an initial public offering. Also known as Saudi Aramco, the company is sweetening the pot with annual dividend payouts of US$ 75 billion. Dividends will begin in 2020 and run through 2024. Potential investors will have more rights than the Saudi government, with […]