{"id":358364,"date":"2020-06-20T10:55:18","date_gmt":"2020-06-20T05:25:18","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=358364"},"modified":"2020-06-20T11:20:53","modified_gmt":"2020-06-20T05:50:53","slug":"saudi-aramco-will-use-cash-debt-to-pay-dividends-says-ceo","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/saudi-aramco-will-use-cash-debt-to-pay-dividends-says-ceo\/","title":{"rendered":"Saudi Aramco will use cash, debt to pay dividends, says CEO"},"content":{"rendered":"<p>Saudi Aramco will use cash and debt to pay its dividend of $18.75 billion for the first quarter of this year, the company&#8217;s chief executive said on Thursday, after the top oil firm sealed a major acquisition deal. <\/p>\n<p>&#8220;It will be a combination of both,&#8221; Amin Nasser told reporters on a conference call. <\/p>\n<p>&#8220;We would like to use our free cash definitely most of time, but other debt instruments from banks or bonds are also available for us as we have a strong balance sheet,&#8221; he said. <\/p>\n<p>Nasser was speaking a day after Aramco completed its purchase of a 70% stake in petrochemicals company SABIC from Saudi Arabia&#8217;s sovereign wealth fund, the Public Investment Fund (PIF), for $69.1 billion and extended the payment period by three years to 2028.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Saudi Aramco will use cash and debt to pay its dividend of $18.75 billion for the first quarter of this year, the company&#8217;s chief executive said on Thursday, after the top oil firm sealed a major acquisition deal. &#8220;It will be a combination of both,&#8221; Amin Nasser told reporters on a conference call. &#8220;We would like to use our free cash definitely most of time, but other debt instruments from banks or bonds are also available for us as we have a strong balance sheet,&#8221; he said. Nasser was speaking a day after Aramco completed its purchase of a 70% [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[146,130,177],"tags":[],"class_list":["post-358364","post","type-post","status-publish","format-standard","hentry","category-deccan-herald-newspapers","category-newspapers","category-oil-gas-deccan-herald-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/358364","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=358364"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/358364\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=358364"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=358364"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=358364"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}