Aramco’s secondary offering to boost stock market liquidity: Nasser

Amin Nasser, President and CEO of Saudi Aramco

Amin Nasser, President and CEO of Saudi Aramco, said that the new offering of Saudi Aramco’s shares will provide current and new investors with an opportunity to invest in the company and will expand the investor base.
 

In a statement to Asharq, he added that the planned secondary offering will boost the stock market liquidity,
 

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The secondary offering will not be priced at a discount from the previous offer price due to its size, and the proceeds will go to the Saudi government.
 

Nasser expects dividends to be distributed to shareholders at $124 billion in 2024, subject to board approval, noting that the company's current dividend policy is reassuring to investors.
 

In a related context, Ziad Al-Murshed, Executive Vice President and CFO at Aramco, confirmed to Asharq that there will be no impact from the current offering on the company's dividend policy, whether the base or performance-linked dividends.