Aramco announced a decline in its profits for the year 2024 and a reduction in profit distributions by one-third, which will affect the allocation of funds to the Saudi state.
The state company of Saudi Arabia, the oil giant Saudi Aramco, has announced a decrease in its net profit in 2024 to 398.42 billion riyals. It is suggested that the corporation is planning to reduce dividends by a third in the current year, which means smaller payments in each quarter from Saudi Arabia.
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