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Saudi Aramco keeps $31 bn payout despite lower profit
November 06, 2024
|Business Standard
Aramco held its quarterly dividend at $31 billion, despite lower profit, as Saudi Arabia's multitrillion-dollar economic transformation plans widen the budget deficit.
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The company, majority owned by the Saudi state, is keeping the world's biggest payout despite increasing signs of stress on earnings. The outlook for oil has darkened with concerns over demand, but the dividend is key for the government's finances.
هذه القصة من طبعة November 06, 2024 من Business Standard.
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