Saudi Aramco to grant bonus shares to shareholders

The Saudi Arabian Oil Company (Saudi Aramco) announced on Sunday the Board of Directors’ recommendation to the Extraordinary General Assembly to grant bonus shares to its shareholders via capitalizing $4 billion from the retained earnings.

Each shareholder will be granted one bonus share for every ten shares. This comes following its full-year 2021 financial results, reporting that net income more than doubled year-on-year to $110.0 billion. Aramco declared a fourth quarter dividend of $18.8 billion, to be paid in the first quarter of 2022.

Comments