Saudi Aramco announced the distribution of cash dividends to shareholders; In excess of one trillion riyals, since the company was listed on the Saudi stock market, in December 2019, until the end of the third quarter of 2023.
Mubasher statistics, based on the company’s disclosures on the Tadawul website, revealed that the total dividends paid to the company’s shareholders amounted to 1.01 trillion riyals. Equivalent to 5.39 riyals per share.
On March 15, 2020, Saudi Aramco announced the first dividends to shareholders, with a total value of 14.76 billion riyals, at 0.0738 riyals per share. This is for the period from December 5, 2019 (the date of allocation of initial public offering shares) until December 31, 2019.
The first interim dividends were in May 2020, when the company announced the distribution of cash dividends to shareholders worth 70.32 billion riyals, for the first quarter of 2020, at 0.3518 riyals per share.
Additional distributions
Aramco's dividend policy remained unchanged, until the second quarter of 2023, which witnessed the announcement of the first performance-linked dividends based on the company's financial results.
Last August, the company's board decided to distribute cash dividends to shareholders, with a total value of 110.18 billion riyals ($29.38 billion), bringing the share of the total dividends to 0.4554 riyals per share.
Dividends for the second quarter of 2023 included basic dividends of 73.16 billion riyals, at 0.3024 riyals per share, in addition to performance-related dividends of 37.02 billion riyals (0.1530 riyals per share).
Last November, Saudi Aramco announced the distribution of basic dividends to shareholders for the third quarter of 2023, in addition to the second distribution of performance-related profits to shareholders based on the company’s financial results.
The total dividends for the third quarter of 2023 amounted to about 110.18 billion riyals ($29.38 billion), or 0.4554 riyals per share for the total dividends.
The total dividends were basic dividends of SAR 73.16 billion (SAR 0.3024 per share), in addition to performance-related dividends of SAR 37.02 billion; Equivalent to 0.1530 riyals per share.
1.55 trillion riyals net profits
Mubasher statistics revealed that Saudi Aramco achieved total profits amounting to about 1.55 trillion riyals since the listing. This will take place during the period from the first quarter of 2020 (the first quarterly results after listing), until the end of the third quarter of 2023.
On May 12, 2020, Saudi Aramco announced the financial results for the first quarter of 2020, which showed a net profit of 62.48 billion riyals, compared to 83.29 billion riyals in company profits in the same period in 2019, bringing the company’s profits down by 24.98%.
The company attributed the decline in its profits during that period to lower crude oil prices, lower refining and chemicals profit margins, and inventory revaluation losses.
Amin Nasser, President and Chief Executive Officer of Aramco, said in his comment on the company’s results in the first quarter of 2020 that the company’s performance was affected during that period by the decline in crude oil prices. As a result of the consequences of the outbreak of the new Corona pandemic (Covid-19).
Saudi Aramco’s results improved, as of the first quarter of 2021, after the global economic recovery and the gradual improvement of crude oil prices, in light of the declining repercussions of the effects of the Corona pandemic.
The company's results for the first quarter of 2021 revealed an increase in net profits by 30.35%, to 81.44 billion riyals, compared to a net profit of 62.48 billion riyals for the same quarter of 2020.
The company attributed the growth in net profits to the rise in crude oil prices, improved profit margins in the refining, processing and marketing sector, and the unification of SABIC’s business results, after Aramco acquired 70% of its shares.
The financial results of Saudi Aramco, in the third quarter of 2023 (the last announced financial results), showed a decline in net profits to 122.19 billion riyals, compared to 159.12 billion riyals for the third quarter of 2022, a decline of 23.21%.
The company explained that the decline in net profits mainly reflects the impact of the decline in crude oil prices and the quantities sold, which was partially offset by the decline in revenues from crude oil production.
The company's profits declined in the first nine months of 2023, by 27.46%, falling to 354.54 billion riyals, compared to 488.78 billion riyals. For the same period of the previous year.
1.55 trillion riyals net profits
Mubasher statistics revealed that Saudi Aramco achieved total profits amounting to about 1.55 trillion riyals since the listing. This will take place during the period from the first quarter of 2020 (the first quarterly results after listing), until the end of the third quarter of 2023.
On May 12, 2020, Saudi Aramco announced the financial results for the first quarter of 2020, which showed a net profit of 62.48 billion riyals, compared to 83.29 billion riyals in company profits in the same period in 2019, bringing the company’s profits down by 24.98%.
The company attributed the decline in its profits during that period to lower crude oil prices, lower refining and chemicals profit margins, and inventory revaluation losses.
Amin Nasser, President and Chief Executive Officer of Aramco, said in his comment on the company’s results in the first quarter of 2020 that the company’s performance was affected during that period by the decline in crude oil prices. As a result of the consequences of the outbreak of the new Corona pandemic (Covid-19).
Saudi Aramco’s results improved, as of the first quarter of 2021, after the global economic recovery and the gradual improvement of crude oil prices, in light of the declining repercussions of the effects of the Corona pandemic.
The company's results for the first quarter of 2021 revealed an increase in net profits by 30.35%, to 81.44 billion riyals, compared to a net profit of 62.48 billion riyals for the same quarter of 2020.
The company attributed the growth in net profits to the rise in crude oil prices, improved profit margins in the refining, processing and marketing sector, and the unification of SABIC’s business results, after Aramco acquired 70% of its shares.
The financial results of Saudi Aramco, in the third quarter of 2023 (the last announced financial results), showed a decline in net profits to 122.19 billion riyals, compared to 159.12 billion riyals for the third quarter of 2022, a decline of 23.21%.
The company explained that the decline in net profits mainly reflects the impact of the decline in crude oil prices and the quantities sold, which was partially offset by the decline in revenues from crude oil production.
The company's profits declined in the first nine months of 2023, by 27.46%, falling to 354.54 billion riyals, compared to 488.78 billion riyals. For the same period of the previous year.
