for Saudi Aramco

Write a short report on 'Dividends Payout Policy: Dividends and Repurchases. You can choose any case of Publicly trading company in the UAE or in the GCC. Your report should focus on the topic contents that were covered in the lecture and analyze: a) the level of cash distribution to shareholders, b) the form of distribution (dividend vs. stock repurchase), and c) any evidence whether these distributions are stable or non-stable (a table may be beneficial). You may also need to identify whether investors of this company follow Dividend Irrelevance Theory, Bird- in-the-Hand Theory, or Tax Effect Theory with a brief explanation of each