Reported about 17 hours ago
Aramco has announced a significant reduction in its dividend payout for 2025, lowering it to approximately $85 billion from $124 billion in the previous year. This decision poses challenges for Saudi Arabia's budget, which heavily relies on these funds, as the company faces financial strain with declining oil prices and production. The dividend restructure is intended to balance Aramco's finances while addressing the kingdom's widening deficit amid a broader economic transformation.
Source: YAHOO