Saudi Aramco pays Q4 2023 dividend at SAR 0.48/share

10/03/2024 Argaam Exclusive

Saudi Arabian Oil Co. (Saudi Aramco) announced the payment of total dividends at SAR 116.5 billion ($31.07 billion) for Q4 2023. This includes a base dividend of SAR 0.3145 a share, totaling SAR 76.09 billion ($20.29 billion), and a performance-linked dividend of SAR 0.1670 a share, totaling SAR 40.41 billion ($10.78 billion), based on the combined full-year results of 2022 and 2023.

Dividend Details (Q4 2023)
Current Capital*	SAR 90 bln
No. of Shares**	242 bln
Total Dividend	SAR 116.50 bln
Share Dividend	SAR 0.4815/share
Basic Dividends	SAR 76.09 bln (SAR 0.3145 a share)
Performance-Linked Dividends	SAR 40.41 bln (SAR 0.1670 a share)
Record Date	March 13, 2024, shareholders of record and those registered with Edaa on the second trading day following the record date.
Payment Date	March 28, 2024

Total Dividends (2023)
Total Dividends	SAR 410 bln
Share Dividend	SAR 1.68/share

*Saudi Aramco shares have no nominal value

**Eligible shares amounted to 241.96 bln

Dividend History (SAR/share) Corporate Actions

Announcement	Ex-Dividend	Payment	Dividends (M Riyal)	Dividends *	Notes
10/03/2024	13/03/2024	28/03/2024	116,500.00	0.48	Q 4 _ 2023 (including performance-linked dividends SAR 40410 million)
07/11/2023	14/11/2023	30/11/2023	110,180.00	0.46	Q 3 _ 2023 (including performance-linked dividends SAR 37020 million)
07/08/2023	10/09/2023	27/09/2023	110,180.00	0.46	Q 2 _ 2023 (including performance-linked dividends SAR 37020 million)
09/05/2023	16/05/2023	31/05/2023	73,160.00	0.30	Q 1 _ 2023
12/03/2023	14/03/2023	20/03/2023	73,150.00	0.30	Q 4 _ 2022
01/11/2022	08/11/2022	28/11/2022	70,330.00	0.29	Q 3 _ 2022
14/08/2022	21/08/2022	07/09/2022	70,330.00	0.29	Q2 _ 2022
15/05/2022	23/05/2022	08/06/2022	70,330.00	0.29	Q1 _ 2022
20/03/2022	22/03/2022	31/03/2022	70,330.00	0.29	Q4 _ 2021
31/10/2021	04/11/2021	22/11/2021	70,328.07	0.29	Q3-2021

Historical dividend per share adjusted for the effect of capital changes and bonus shares, if any

Dividend History

Consolidated cash dividend	Cash dividend per share (SAR)	* The stock price at the beginning of the period (SAR)	Return on the base price
Last 3 Financial years	4.03	28.81	13.99 %
Last 5 Financial years	6.33	29.10	21.74 %
Last 10 Financial years	N/A	N/A	N/A

Based on the beginning of the period (January 1 of the base year)

Historical Dividends

Valuation Data (Latest Share Price)

P/E (TTM)	16.50
P/E Before Unusual Items (TTM)	16.49
P/BV	4.54
Dividend Yield	5.13 %
Market Cap. (M)	6,763,900.00
Return on Average Assets	16.53 %
Return on Average Equity	27.02 %

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