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.

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