Aramco distributes 70 billion riyals to shareholders

Saudi announced the distribution of profits to shareholders for the third quarter by 35 halala per share, valued at 70 billion riyals.

Aramco said in a statement to the Saudi Stock Exchange – «Tadawul», today, Tuesday, that the share per share of the distribution is 0.3518 riyals.

The number of shares payable for dividends is about 199.88 billion shares.

Aramco’s profits declined during the third quarter of this year by 44.6% on an annual basis, recording 44 billion riyals.

The company’s profits declined during the first nine months of the same year by 49%, to reach 131 billion riyals, compared to 255.7 billion riyals in the corresponding period last year.

The lower profits reflect the impact of lower crude oil prices, sales volumes and weak margins in the refining and chemicals business.

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