Saudi Aramco to pay bumper dividend despite profit tumble

Saudi Aramco to pay bumper dividend despite profit tumble
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03.11.2020

MOSCOW (MRC) -- Saudi Aramco is sticking with plans to pay a bumper third-quarter dividend of USD18.8bn despite the pandemic cutting the group's earnings by 45%, said FT.The kingdom's state energy company on Tuesday reported third quarter net income of USD11.8bn, down from USD21.2bn in the same period in 2019. The figure, however, beat the USD10.6bn that analysts forecast, according to a

Full article at mrcplast.com

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