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Isn't Aramco the personal piggy bank of the royal family and Saudi government in general? Aren't Aramco profits used to prop up the Saudi economy and pay for th
by macspoofing 10y ago
Isn't Aramco the personal piggy bank of the royal family and Saudi government in general? Aren't Aramco profits used to prop up the Saudi economy and pay for things like major infrastructure projects?
How does all square with being a publicly traded company?
- kevindong 10y ago> Aramco, formally known as Saudi Arabian Oil Co., pays a 20 percent royalty on revenues and an 85 percent income tax. At those tax rates, basically yes. > How does all square with being a publicly traded company? Investors must take into the account those problems and change how much they're willing to pay for Aramco accordingly.