These issues will matter, as it should be reiterated that Aramco is not a typical publicly listed entity. At present, 80% of the company is owned by the Saudi government, while the Kingdom’s sovereign wealth fund, PIF (the Public Investment Fund), owns another 16% of the shares. For the Kingdom, Aramco’s dividends are not peripheral, but a central pillar of the Saudi budget . Also, don’t forget that they are a critical source of income for Vision 2030 financing. If, as anticipated, there is a $40 billion sh ...