Aramco to Boost Payouts for Saudi Government and Investors
- Dividend may rise by $20 billion, says Bloomberg Intelligence
- Move comes with government posting fiscal deficit on oil’s dip
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Aramco plans an additional dividend, potentially raising payments for investors and Saudi Arabia’s government just as higher spending and weaker oil prices edge the kingdom’s budget into a deficit.
The move could increase Aramco’s dividend — which at $75.8 billion last year was already the biggest of any listed firm — by more than $20 billion in 2023, according to Bloomberg Intelligence. RBC Capital Markets LLC forecasts an increment of $12 billion to $18 billion.