2019-10-02 11:55:00
SAUDI ARAMCO DIVIDEND - 2020: $75 BLN
SAUDI ARAMCO - Dividend Prioritisation Mechanism
• The Board has sole discretion to declare dividends, based on the dividend policy, financial performance and balance sheet
targets
• The Board will declare an intention to distribute an annual base dividend of $75 Bn for 2020
• For the years 2020 to 2024, if annual dividends declared would have been less than $75 Bn, dividends to non-Government
shareholders are intended to be prioritised so that they receive their pro-rata share of a $75 Bn equivalent dividend
• In such case, the Government will receive the remaining amount of dividend
• Any differential in the dividend received by the Government due to prioritisation will not accrue or result in a liability to
the Government
• For avoidance of doubt, when dividends to shareholders are above $75 Bn, non-Government shareholders will receive their
pro-rata share of dividends
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Earlier:
2019, September, 30, 14:55:00
SAUDI ARABIA RENEWABLE DEVELOPMENT
Saudi Arabia will start offering loans for renewable energy projects and manufacturers of renewable-energy components as the kingdom seeks to diversify its economy away from crude oil.
Chronicle:
2022, August, 12, 08:44:00
6TH ANNUAL LNG SUMMIT USA
The 6th Edition of Wisdom’s Much Acclaimed Annual LNG Summit Will Be Held Live in Houston - PREPARING THE INDUSTRY FOR THE RISE IN DEMAND FOR LNG
2022, August, 12, 08:43:00
2022 SAUDI PIPELINES INTERNATIONAL CONFERENCE & EXIBITIONS
Eventat Co (a Saudi local company) is hosting the first-ever “2022 Saudi Pipelines International Conference & Exhibitions” from 4-6 October, 2022 at the Dhahran Expo, Dammam (Eastern Province), Kingdom of Saudi Arabia.
The three-day conference and exhibition are dedicated to bringing together over “50+ Regional/International speakers, 100+ Sponsors/Exhibitors, 1000+ Delegates and 3000+ Visitors” from around the globe who carry significant interest in enhancing the pipelines lifecycle for the current and future.
2022, August, 12, 08:42:00
9TH INTERNATIONAL LNG CONGRESS LNGCON 2023
9th International LNG Congress (LNGCON 2023) 6-7 March, 2023
Link to the Congress website: https://bit.ly/3tXVmr7
2022, August, 12, 08:40:00
GERMANY'S HARD WINTER
With nearly half of German homes relying on gas for heating, the country faces potential rationing if it fails to secure sufficient reserves.
2022, August, 12, 08:35:00
LIMITED RUSSIA SANCTIONS
Russian oil production in July was only 310,000 b/d below prewar levels, a fall of less than 3 per cent, while total oil exports were down about 580,000 b/d, according to the IEA’s latest monthly oil report.
2022, August, 12, 08:30:00
BRITAIN'S HARD WINTER
Under the government’s latest “reasonable worst-case scenario,” Britain could face an electricity capacity shortfall totaling about a sixth of peak demand, even after emergency coal plants have been fired up, according to people familiar with the government’s planning.
2022, August, 12, 08:25:00
GLOBAL LNG UNCERTAINTY
The money lost is dwarfed by enormous profits both BP and Shell recorded this year on the back of soaring refining margins and high oil and gas prices.