premargin

Element List	Explanation
Introduction	Saudi Aramco announces the Board of Directors’ (the “Board”) approval, dated 20/09/1447H (corresponding to 09/03/2026G), on the repurchase of a maximum of three hundred fifty million (350,000,000) of the Company’s ordinary shares from the market, to be retained as treasury shares. Pursuant to the resolution, the Company may retain the shares for a maximum period of ten (10) years from the date of purchase without sale or allocation. The Company may repurchase the shares during a period of eighteen (18) months from the date of the resolution, through one or more transactions, and the Company will make an announcement upon the completion of all repurchase transactions.
Board of director’s recommendation date	2026-03-09 Corresponding to 1447-09-20
Purpose of Purchase	To be retained as treasury shares.
Purpose of Purchase (If the Purpose to Keep the Shares as Treasury Shares)	For the purpose of allocation to the employee share plan.
Number of Shares to be Bought	350000000
Shares Class and type	Ordinary shares
Method of Financing the Purchasing Process	The repurchase will be funded from the Company’s internal funds.
Current Percentage of the Treasury Shares at the Company out of the Total Class of Shares Purchased	0.04%
Approvals and Meeting the Conditions of Financial Appropriateness	In accordance with Saudi Aramco’s bylaws, the Board may by resolution approve the repurchase of shares by the Company, for the purpose of allocating such shares to its employees within employee shares plan or for any other purpose the Board determines in the best interest of the Company. As such, given that the Board approved the repurchase, there is no requirement to obtain extraordinary general assembly approval on the same. The solvency requirements pursuant to Article 17(3) of the Implementing Regulations of the Companies Law for Listed Joint Stock Companies have been satisfied.
Voting Right	The shares that the Company repurchases, while retained by the Company, do not have voting rights in the shareholders’ general assembly meetings.
Additional Information	The Board has approved the repurchase up to a maximum spend of SAR 11.3 billion ($3 billion).

Saudi Arabian Oil Company (“Saudi Aramco” or the “Company”) Announces the Board of Directors' Approval to Repurchase its Shares