Oil: Aramco Cuts Dividend to About $85 Billion in Saudi Budget Setback
Business
Saudi Aramco cut the world’s biggest dividend in a blow for Saudi Arabia’s widening budget deficit, as the company seeks to relieve the stress on its own finances. The firm expects the total payout to be about $85 billion in 2025, compared with $124 billion for last year, it said in a statement Tuesday. Bloomberg's Joumanna Bercetche reports. -------- More on Bloomberg Television and Markets Like this video? Subscribe and turn on notifications so you don't miss any videos from Bloomberg Markets
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