Saudi Arabia's stock market CEO says that the IPO of Aramco changes the dynamics of Saudi Arabia's economy

Saudi Aramco is boosting its pay-out to shareholders despite a 25% fall in profits last year. Saudi Arabia's biggest oil giant is increasing dividends despite falling profits. Aramco says it will increase pay-outs to shareholders in a bid to boost the value of the company.

The world's largest IPO will radically transform the way in which Saudi Arabia's economy operates, says the Saudi Stock Exchange chief executive. Aramco IPO will be the 'unique' way Saudi Arabia operates, the CEO says. The world’s largest IPO is expected to be the largest in the world, he says.

The world's largest IPO will radically transform the way in which Saudi Arabia's economy operates, says the Saudi Stock Exchange chief executive. Aramco IPO will be the 'unique' way Saudi Arabia operates, the CEO says. The world’s largest IPO is expected to be the largest in the world, he says.

Saudi oil giant Aramco announces $121 billion profit last year, down from 2022 record. Lower energy prices have led to lower profits. Aramco: Last year's profit was down from its 2022 record due to lower energy prices. Saudi oil firm Aramco says it made a profit of $121billion last year.