64EZ Saudi Arab 49 A

TIDM64EZ

RNS Number : 3401W

Saudi Arabian Oil Company

17 April 2023

Saudi Arabian Oil Company (Saudi Aramco) (the "Company") addresses the recent development announced by the State in connection with the State's transfer of a portion of the State's ownership in the Company to the Sanabil Investments (Sanabil)

Reference is made to the State's announcement on the Saudi Press Agency on 25/9/1444H (corresponding to 16/04/2023G) in relation to the State's transfer of 4% of the Saudi Arabian Oil Company's shares to the Sanabil.

Following the transfer, the State remains Saudi Aramco's largest shareholder, retaining 90.186% shareholding.

This is a private transfer between the State and Sanabil, and the Company is not a party to the transfer and did not enter into any agreements or pay or receive any proceeds from the transfer.

The transfer will not affect the Company's total number of issued shares, and the shares transferred will rank equally alongside other existing ordinary shares in the Company.

The transfer does not have an impact on the Company's operations, strategy, dividends distribution policy or governance framework.

The Company will announce any material development as required by the applicable rules and regulations.

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April 17, 2023 02:00 ET (06:00 GMT)

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