So, what does June bring us?
11 replies (most recent on top)
Don't know about June but July will bring a 20% uptick!!!
This will only increase the departure of expats with families. Even the expat forehead bruiser types will be wanting out!
War
Expats in Saudi.....keep your head down and try to stay safe!!!
As an expat, your odds of getting an 'S' on your PMP are less than finding a 100 riyal note blowing down the streets of Khobar.
dividends are never measured in % per quarter...they're always on annual basis but maybe be paid monthly quarterly annually etc...if it is 7% even better! even at this price it's a great deal dog or human.
It’s just under 7% divi per year, split over four payments. It’s not 4% quarterly…if it were 12% per year divi everyone and their dog would be invested…
in addition to 20% discount you get 4% div paid quarterly and if you leave 12 month holding period no longer applies...why not take the ESSP it seems silly not to.
but yeah if you plan to leave within a year stop contributing just in case if ur afraid not to cash out.
If you’re GC15+ and receive S or better you might be getting some free Aramco stock as part of your incentives. However, I know of zero expats in this position, it’s reserved for locals. It’s actually not publicised and kept secret like many other “special incentives” that operate only for locals in the right tribe. It’s their company they can do as they see fit.
The guy below will be on the sharesave where he/she commits their own cash at 20% below value each month, vesting is 1 year. High risk given one can get 5% risk free right now elsewhere.
Aramco is down 14% this year alone which reflects value destruction caused by management. What kind of company takes out debt to issue dividends?
Please do not tell me that Western Expats are actually buying Aramco stock - regardless of an employee discount! Unless it is free and you cash it out immediately, I would not touch it. You are not only gambling on the value to increase, you are trusting that you can cash it out timely - especially if Aramco decides they no longer wish to employ you!
Smaller aramco “stock” price? Haha what a joke. That employee discount means nada.
More heat.