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Saudi Aramco says it still plans to pay $75 billion in dividends for 2020

Saudi Aramco still plans to pay $75 billion in dividends this year, the chief executive of the world’s top oil exporting company said on Sunday.

“We intend to pay the $75 billion, subject to board approval and market conditions,” Aramco CEO Amin Nasser told reporters on a conference call after announcing the company’s quarterly results. [nL8N2FB03M]

Payouts to minority shareholders as pledged are protected for five years, he added.