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الاقتصادية
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Saudi Aramco offers top dividend yield among energy firms
Saudi Aramco, the world's largest energy and chemicals company, announced a cash dividend distribution of 82.1 billion Riyals for the second quarter of the year, representing a dividend yield of 5% for shareholders. This is the highest among major energy companies. Despite the Iranian conflict that resulted in the closure of the Strait of Hormuz and its impact on supplies, the company managed to export most of its oil through the East-West pipeline and Red Sea ports. It also benefited from rising oil prices, which averaged $108.1 per barrel after a 62% increase. Aramco's profits rose by approximately 42% to 121.5 billion Riyals, with adjusted earnings increasing by 33% to around $33.4 billion. The dividends accounted for 68% of its quarterly earnings, supported by free cash flows of 46 billion Riyals. The company's dividend yield is the highest among its competitors and surpasses the returns of the Tadawul index and SIBOR, with the company maintaining operational continuity thanks to its advanced infrastructure.
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