Dividends and Saudi Aramco reveals financials ahead of bond market debut

Most companies around the world are private, however when they want access to the publics money, they must reveal details of their financials. For many years, the firm Saudi Aramco which runs the oil business for the government of Saudi Arabia has relied on money the government or banks. The company has decided to do a bond deal of at least $10 billion maybe more and revealed its profits in 2018 was $224 billion.

In an article by Reuters, the group has 257 billion barrels of oil in reserve which is more than 50 years of current production levels.

In 2021, the company may launch an IPO which is expected to generate $100 billion.

Linking to dividend paying stocks, as long as the oil needs oil to run its economy, Saudi Aramco is there to deliver equally it delivers profits, which would make it the most profitable comapny in the world. It would be an easy decision to be a buyer of shares.

There are more questions than answers, till the next time – to raising questions.

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