Saudi Aramco bankers dangle prospect of bonus payouts | Financial Times:
Bankers for Saudi Aramco’s initial public offering have dangled the possibility of bonus payouts that could take the company’s annual dividend past $100bn in an effort to woo investors for a flotation tipped to be the biggest ever.
The banks charged with launching the listing have been told that shareholder payouts could be far greater than the promised minimum annual dividend of $75bn during the next five years.
“Aramco management has stressed the possibility of additional distributions to shareholders above and beyond the minimum dividend pledge,” Bank of America Merrill Lynch said in a report for investors seen by the Financial Times.
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