Saudi Arabian Oil Company (“Saudi Aramco” or the “Company”) Announces the Distribution of Base Dividend for the Fourth Quarter of 2023 and the third distribution of the Performance-linked Dividends based on the combined full-year results of 2022 and 2023
| Element List | Explanation |
|---|---|
| Introduction | Saudi Aramco declares base dividends to shareholders for the fourth quarter of 2023, an increase of 4% compared to third quarter 2023, which is aligned with Saudi Aramco’s dividend policy aiming to deliver a sustainable and progressive dividend. In addition, Saudi Aramco declares the third distribution of the performance-linked dividends to shareholders based on the combined full-year results of 2022 and 2023. |
| Date of the board’s decision | 2024-03-08 Corresponding to 1445-08-27 |
| The Total amount distributed | Total of SAR 116.50 billion ($31.07 billion), comprised of:
Base dividend of SAR 76.09 billion ($20.29 billion) Performance-linked dividend of SAR 40.41 billion ($10.78 billion) |
| Number of Shares Eligible for Dividends | 241,957,485,588 |
| Dividend per share | Total of SAR 0.4815, comprised of:
Base dividend of SAR 0.3145 Performance-linked dividend of SAR 0.1670 |
| Percentage of Dividend to the Share Par Value (%) | 0 % |
| Eligibility date | The eligibility date is 03/09/1445H corresponding to 13/03/2024. The eligibility of dividends distribution will be for the shareholders of the Company who own shares on the eligibility date and are registered in the Company’s share registry at the Securities Depository Center Company (Edaa) at the end of the second trading day following the eligibility date. |
| Distribution Date | Dividend distribution date will be on 18/09/1445H corresponding to 28/03/2024 |
| The name of other official authorities and the details of their non-refusal to the recommendation or decision | None |
| Additional Information | - |
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