Saudi Arabian Oil Company (“Saudi Aramco” or the “Company”) announces recent developments relating to the performance-linked dividends

Saudi Arabian Oil Company (“Saudi Aramco” or the “Company”) announces recent developments relating to the performance-linked dividends

Latest Developments Of The Announced Event

The third distribution of the 2022 and 2023 performance-linked dividends has been approved by the Saudi Aramco Board of Directors (the “Board”), as per the Company’s dividends announcement on the Saudi Exchange today. The Company announces that the total 2022 and 2023 performance-linked dividends intended to be distributed during the financial year 2024, including the approved third performance-linked dividends announced today, are expected to amount to approximately SAR 161.70 billion ($43.12 billion). The Company expects that the remaining 2022 and 2023 performance-linked dividends will be distributed, if approved by the Board, in the second, third and fourth quarters of this year. Exact amounts and the eligibility dates for the remaining 2022 and 2023 performance-linked dividends will be announced, if and when declared at the Board’s sole discretion, after considering the Company’s financial position and ability to fund commitments including growth capital plans, and in accordance with the Company’s dividend distribution policy.

Saudi Arabian Oil Company (“Saudi Aramco” or the “Company”) announces recent developments relating to the performance-linked dividends