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Saudi Arabia's sovereign wealth fund is expected to secure $5 billion in quarterly dividend payments from its augmented stake in Aramco, following the government's allocation of additional shares. Aramco plans to increase shareholder payouts, with dividends projected to reach $124 billion this year. The Public Investment Fund (PIF) now owns a 16% stake in Aramco, valued at around $333 billion, resulting in an annual payout of at least $20 billion. This windfall is beneficial for the fund as it prepares for expenditure on expansive projects, including Neom, a new city with a budget exceeding $500 billion.

Saudi Wealth Fund anticipates $20B windfall from Aramco

Saudi Arabia’s sovereign wealth fund is expected to secure $5 billion in quarterly dividend payments from its augmented stake in Aramco, following the government’s allocation of additional shares. Aramco plans to increase shareholder payouts, with dividends projected to reach $124 billion this year. The Public Investment Fund (PIF) now owns a 16% stake in Aramco, valued at around $333 billion, resulting in an annual payout of at least $20 billion. This windfall is beneficial for the fund as it prepares for expenditure on expansive projects, including Neom, a new city with a budget exceeding $500 billion.

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