Saudi Aramco says it still plans to pay $75bln in dividends for 2020

Payouts to minority shareholders as pledged are protected for five years

  
An investor monitors a screen displaying stock information at the Saudi Stock Exchange (Tadawul) following the debut of Saudi Aramco's initial public offering (IPO) on the Riyadh's stock market, in Riyadh, Saudi Arabia, December 11, 2019.

An investor monitors a screen displaying stock information at the Saudi Stock Exchange (Tadawul) following the debut of Saudi Aramco's initial public offering (IPO) on the Riyadh's stock market, in Riyadh, Saudi Arabia, December 11, 2019.

REUTERS/Ahmed Yosri

DUBAI: Saudi Aramco still plans to pay $75 billion in dividends this year, the chief executive of the world’s top oil exporting company said on Sunday.

"We intend to pay the $75 billion, subject to board approval and market conditions," Aramco CEO Amin Nasser told reporters on a conference call after announcing the company's quarterly results. 

Payouts to minority shareholders as pledged are protected for five years, he added.

(Reporting by Rania El Gamal Editing by Gareth Jones) ((rania.elgamal@thomsonreuters.com; +971 562 160 434; Reuters Messaging: rania.elgamal.reuters.com@reuters.net ; Twitter: @RaniaElGamal10))

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