Saudi Aramco's Chief Financial Officer, Ziad Al-Murshed, recently hinted at a significant boost in dividends, signaling positive news for shareholders. This announcement comes ahead of the company's anticipated financial results announcement for 2023 on March 11.

In 2022, Saudi Aramco reported record-breaking net income of SR604.0 billion ($161 billion), marking its highest annual profits since its listing in the capital market. These robust earnings were fueled by strong oil prices, increased product sales, and enhanced profit margins for refined products.

Speaking at the Saudi Financial Market Forum, Al-Murshed mentioned that the state-owned giant is considering issuing bonds this year, with a focus on medium to long-term bonds ranging from 15 to 50 years.

Regarding the possibility of selling new shares, Al-Murshed reiterated that while the decision lies with the company's owners, Saudi Aramco remains prepared for such a move.

Saudi Aramco CEO Amin Nasser recently stated that any decision to sell additional shares in the current year rests with shareholders.