Saudi Aramco steps up investor push with $75bn dividend plans

Pedro Gonçalves
Saudi Aramco steps up investor push with $75bn dividend plans

Saudi Arabia's state oil giant Saudi Aramco has boosted efforts to woo investors with plans to pay out a total annual dividend of $75bn as it prepares for an initial public offering (IPO). Aramco has been courting investors by also planning to change state royalty payments and cut corporation tax for the IPO as it seeks to achieve a $2trn valuation.  The state-run company, which produces about 10% of the world's oil, plans to announce its intention to float later this month with the aim...

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