Aramco said it would stick to its promise of paying quarterly dividends of USD 18.75 billion — USD 75 billion a year — due to commitments the company made to shareholders in the run-up to its initial public offering.
All of refining, marketing and petrochemical assets will be transferred to the O2C subsidiary, it said in regulatory filings at stock exchanges late on Monday.
Saudi Aramco said it was committed to a bumper dividend even as third quarter net profits dropped to 44.21 billion Saudi riyals ($11.79 billion), compared to $21.3 billion in the same period last year