SATORP partners approve $450 mln cash dividend for 2022

One of SATORP's facilities

Arabian Aramco Total Services Co., a closed joint stock firm, announced that shareholders of its parent company, Saudi Aramco Total Refining and Petrochemical Co. (SATORP), approved, on May 14, distributing a cash dividend of $450 million (or its equivalent in SAR) for the year ended Dec. 31, 2022.

In a statement to Tadawul today, May 23, the company pointed out that the dividend will be paid to SATORP’s partners, namely Saudi Arabian Oil Co. (Saudi Aramco) and TotalEnergies Refining & Chemicals Saudi Arabia SAS Ltd.