Aramco hikes dividend 30% to $98 billion despite drop in profit

Saudi Arabia's state-owned oil giant Aramco (TADAWUL: ) boosted its dividend despite net profit falling 24.7% to $121.3 billion in 2023 on lower oil prices and volumes, showing the state's continued reliance on oil revenue as it seeks to diversify. The profit, down from $161.1 billion in 2022, was…#saudiarabia #aramco #tadawul #saudi #aminnasser #vision2030 #publicinvestmentfund #pif #ziadalmurshed
Source: Reuters: Health - Category: Consumer Health News Source Type: news