Saudi Aramco plans to reduce its dividend payment, lowering a key source of funds for Saudi Arabia’s budget. The total payout is expected to be around $85 billion in 2025, down from $124 billion last year. This move aims to alleviate stress on the company’s finances and align with previously announced policy. The reduction has significant implications for Saudi Arabia’s economy transformation plan, which relies heavily on the dividend as a crucial component of the kingdom’s budget.
Source: https://www.bloomberg.com/news/articles/2025-03-04/aramco-cuts-world-s-biggest-dividend-in-blow-to-saudi-budget