Economics
Saudi Firms to Cut Dividends For Prince’s $1.3 Trillion Plan
- Crown prince outlines decade-long investment, spending plan
- He says 24 firms including Aramco will invest money locally
Saudi Arabia's Crown Prince Mohammed bin Salman
Photographer: Brendan Smialowski/AFP/Getty Images
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Saudi Arabia’s biggest listed companies, including energy giant Aramco, will reduce their dividends and redirect the money to the local economy as the crown prince tries to get his economic overhaul plan back on track.