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Saudi Aramco’s assets hit $380bn in H1

Saudi Aramco’s assets hit $380bn in H1
Saudi Aramco’s assets reached AED 1.42 trillion

Riyadh – Mubasher: Total assets of the Saudi Arabian Oil Company, known as Saudi Aramco, increased by 5.8% year-on-year during the first half of 2019.

Assets of the Saudi-based company reached AED 1.42 trillion ($379.85 billion) in H1-19, compared to AED 1.34 trillion ($358.98) in H1-18, according to Aramco’s recent report.

Non-current assets, which represent 72.12% of the total, jumped to AED 1.02 trillion ($273.93 billion) during the first six months of 2019, versus AED 963.51 billion ($256.94 billion) in the corresponding period last year.

As for current assets, they increased by 3.8% year-on-year to AED 397.19 billion ($105.92 billion) during the six-month period ended June.

It is worth mentioning that Saudi Aramco’s net income declined to $46.9 billion in H1-19, compared to $53 billion in the year-ago period.