Saudi Arabian Oil Company (“Saudi Aramco” or the “Company”) Announces the Distribution of Base Dividend for the Fourth Quarter of 2023 and the third distribution of the Performance-linked Dividends based on the combined full-year results of 2022 and 2023

Saudi Arabian Oil Company (“Saudi Aramco” or the “Company”) Announces the Distribution of Base Dividend for the Fourth Quarter of 2023 and the third distribution of the Performance-linked Dividends based on the combined full-year results of 2022 and 2023

Element List

Explanation

Introduction

Saudi Aramco declares base dividends to shareholders for the fourth quarter of 2023, an increase of 4% compared to third quarter 2023, which is aligned with Saudi Aramco’s dividend policy aiming to deliver a sustainable and progressive dividend. In addition, Saudi Aramco declares the third distribution of the performance-linked dividends to shareholders based on the combined full-year results of 2022 and 2023.

Date of the board’s decision

2024-03-08 Corresponding to 1445-08-27

The Total amount distributed

Total of SAR 116.50 billion ($31.07 billion), comprised of: Base dividend of SAR 76.09 billion ($20.29 billion) Performance-linked dividend of SAR 40.41 billion ($10.78 billion)

Number of Shares Eligible for Dividends

241,957,485,588

Dividend per share

Total of SAR 0.4815, comprised of: Base dividend of SAR 0.3145 Performance-linked dividend of SAR 0.1670

Percentage of Dividend to the Share Par Value (%)

0 %

Eligibility date

The eligibility date is 03/09/1445H corresponding to 13/03/2024. The eligibility of dividends distribution will be for the shareholders of the Company who own shares on the eligibility date and