Aramco Pays a Record SAR 82 Billion Dividend as TASI Surges 1.3% to 11,115
Saudi Aramco paid out SAR 82.08 billion in its first-quarter dividend on June 9, the largest single cash distribution in Saudi market history, as TASI surged 1.3 percent to 11,115 on its broadest day in weeks. With about 98.5 percent of Aramco state and PIF owned, most of the payout returns to the sovereign, but the market rallied even as oil fell, and ALARABIA (4071) added a SAR 336.5 million advertising contract.
Saudi Aramco paid out SAR 82.08 billion in its first-quarter dividend on June 9, the largest single cash distribution in the history of the Saudi market, on the same day TASI surged 1.3 percent to close at 11,115. The base payout of SAR 0.3393 a share was up 3.5 percent on the year, and the index gain was its broadest in weeks, with 203 stocks rising and only 54 falling.
The headline number is enormous, but the flow tells a more nuanced story. Roughly 98.5 percent of Aramco is held by the state and the Public Investment Fund, so the great bulk of that SAR 82 billion cycles straight back to the sovereign, with only about SAR 1.2 billion reaching public-float shareholders. What the payment signals matters more than where it lands. Aramco is holding a progressive base dividend steady even with Brent well off its springtime war highs, which is the anchor of the stock's income case.
Why the market rose on a day oil fell
Brent actually slipped toward $93 during the session, yet TASI rallied hard. That tells you the market is now reading lower oil as relief rather than threat, a sign that Hormuz flows were recovering and the war premium was draining out. Banks led, with Saudi National Bank up 3.7 percent and Al Rajhi up 0.7 percent, and ACWA Power jumped 7.7 percent as money rotated toward names that benefit from cheaper energy and a calmer backdrop.
The corporate highlight: ALARABIA
Arabian Contracting Services (ALARABIA, 4071) added a concrete catalyst, signing a three-year outdoor advertising contract with Wave Media worth about SAR 336.5 million a year. Against ALARABIA's 2025 revenue of roughly SAR 1.95 billion, the deal adds close to 17 percent of annual sales in committed work, useful visibility for a company whose 2025 profit had fallen 34 percent on expansion costs.
The dividend cash typically filters back into the market over the following sessions. The signal to watch is whether that liquidity, plus the draining war premium, keeps carrying TASI higher.
Aramco Dividend
SAR 82.08B
Largest single cash distribution in TASI history, base payout up 3.5% year on year
TASI
+1.3%
Closed at 11,115 with broad breadth, 203 risers against 54 fallers
To Public Float
~SAR 1.2B
About 98.5% of Aramco is state and PIF owned, so most of the payout returns to the sovereign
ALARABIA Contract
SAR 336.5M/yr
Three-year Wave Media advertising deal, near 17% of the firm's 2025 revenue
