Aramco pays nearly $100bn in dividends as profits tumble
Saudi Arabia’s state-owned oil company Aramco has paid out dividends of nearly $100bn (£77bn), despite the company’s annual profits tumbling from the record earnings raked in the year before.
The group, in which the Saudi government owns a 82% stake, said in its annual accounts that dividends to shareholders increased by 30% to $97.8bn in 2023.
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Read MoreStress disclosures on small, mid-Cap funds by AMCs from March: Officials
In a bid to maintain stability, instil investors’ confidence and enhance transparency, market regulator SEBI and AMFI, a body representing the mutual fund industry, have directed fund houses to provide additional disclosures for small and mid-cap funds from this month, officials said.
The additional disclosure parameters for mutual fund managers include valuation,
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Read MoreWill US Federal Reserve 'Dovish' Pivot Hold?
(MENAFN– The Peninsula) The Peninsula
Doha, Qatar: The US Federal Reserve (Fed) is expected to keep its benchmark policy rate unchanged at its March and May 2024 Federal Open Market Committee meetings. These decisions should extend the“pause” of the tightening cycle that started a year ago,
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Read MoreFederal Reserve Watch: Declining Use Of Reverse Repos
The Federal Reserve has used the tool, reverse repurchase agreements, to manage the excess reserves existing in the commercial banking system.
Take a look at the following chart.
The use of reverse repos climbed all the way to $2.6 trillion or so.
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Read MoreBelarus restricts payment of dividends, profit to investors from “unfriendly” countries
23 Apr 2024 12:30
Belarus restricts payment of dividends, profit to investors from “unfriendly” countries
MINSK. April 23 (Interfax) – The Belarusian government has imposed restrictions on payment of dividends and profit to owners of equity stakes in Belarusian companies from “unfriendly”
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