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Breakingviews - Capital Calls - Saudi Arabia adds new scratch to crown jewel

By Reuters Staff 1 Min Read Saudi Arabia s Crown Prince Mohammed bin Salman speaks during talks with Russian President Vladimir Putin in Riyadh, Saudi Arabia, October 14, 2019. LONDON (Reuters Breakingviews) - SLASH AND GRAB. Mohammed bin Salman has found a new source of cash for his 12 trillion riyal ($3.2 trillion) pivot away from oil: company dividends. The Saudi crown prince said on Tuesday that $1.9 trillion oil giant Saudi Aramco and its new acquisition Saudi Basic Industries (SABIC) could supply 60% of the private sector’s $1.3 trillion contribution to his 2030 plan, by lowering dividends and diverting cash to diversification projects. The good news for the non-state investors holding just over 1.5% of Aramco is that MbS won’t be pinching their dividends. In essence, the prince is just spelling out what dividends already being paid to the state will be used for. But while Aramco Chief Executive Amin Nasser claimed on Wednesday that the scheme was “voluntary”, it u

Battling bigness: Congress eyes action against monopolies

Battling bigness: Congress eyes action against monopolies
columbian.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from columbian.com Daily Mail and Mail on Sunday newspapers.

Battling bigness: Congress eyes action against monopolies

Battling bigness: Congress eyes action against monopolies
wiltonbulletin.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from wiltonbulletin.com Daily Mail and Mail on Sunday newspapers.

Battling bigness: Congress eyes action against monopolies

Battling bigness: Congress eyes action against monopolies
washingtonpost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from washingtonpost.com Daily Mail and Mail on Sunday newspapers.

Battling bigness: Congress eyes action against monopolies

Battling bigness: Congress eyes action against monopolies
trumbulltimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from trumbulltimes.com Daily Mail and Mail on Sunday newspapers.

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