Aramco to Rise Further, Arqaam Capital's Meijer Says

The transcript discusses the market position and valuation of a company, highlighting its low enterprise value compared to peers and its unique dividend structure with government guarantees. It addresses potential risks, including political and ESG concerns, and evaluates the company's valuation, suggesting a fair value with a 10% upside. The company's structure, including its low leverage and strategic acquisitions, is also examined, emphasizing its low-risk investment profile.

What is one of the reasons given for Saudi Aramco's premium valuation compared to other international oil companies?

• Higher dividend yield

• Higher enterprise value over reserves

• Greater political risk

• Lower lifting costs

How does Saudi Aramco's dividend yield compare to sovereign bonds according to the analysis?

• It is lower than sovereign bonds

• It is equal to sovereign bonds

• It is higher than sovereign bonds

• It is not compared to sovereign bonds

What is a unique feature of Saudi Aramco's dividend policy?

• It is higher than any other company

• It is paid annually

• It is guaranteed for five years

• It is not affected by oil prices

At what valuation does the analysis suggest Saudi Aramco might be considered overvalued?

• 1.5 trillion

• 2.5 trillion

• 2.1 trillion

• 3.0 trillion

What is the expected impact of the SABIC acquisition on Saudi Aramco?

• It will lead to a higher dividend payout

• It will decrease the company's market share

• It will be EPS accretive

• It will increase the company's leverage significantly