Saudi Aramco sets the date for dividend distribution for the third...

Saudi Aramco sets the date for dividend distribution for the third...
Saudi Aramco sets the date for dividend distribution for the third...
intends to announce its financial results and dividends for the third quarter of 2020, on November 3, according to a calendar of future events on the company’s website.

The company’s financial results in the second quarter of 2020 revealed that net profits fell 73.4% to 24.62 billion riyals, compared to 92.59 billion riyals for the second quarter of last year, as a result of lower crude oil prices and lower profit margins in the refining and chemical business.

Aramco’s profits in the first half of 2020 witnessed a decline to 87.1 billion riyals compared to 175.87 billion riyals for the same period last year, a decrease of 50.47%.

The company distributed cash dividends to shareholders for the second quarter of 2020, amounting to 70.32 billion Saudi riyals ($ 18.75 billion) for the second quarter of 2020, by 0.3518 riyals per share, on August 31, 2020.

And the Securities Depository Center (Edaa) announced, last July, the transfer of the free shares of Saudi Aramco to the accounts of the eligible shareholders.

And Aramco announced, through the prospectus, for the initial public offering, that individual Saudi subscribers, who will hold their shares for a period of 180 days, will be granted one free share for every 10 shares held.

Aramco shares were listed and started trading in the Saudi stock market, Tadawul, as of December 11, 2019, after an initial public offering that is the largest in the history of financial markets in the world.

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