​In response to the Royal Order announcing the introduction of the new tax regime for all hydrocarbon producers operating in the Kingdom, H.E., Mohammed Al-Jadaan, Minister of Finance, said: “This move carries strategic benefits for Saudi Arabia, its citizens and future generations.” 

“The Royal Order will have no impact on the Government's ability to deliver services to its citizens.” 

“Any tax revenue reductions applicable to hydrocarbon producers operating in the Kingdom are replaced by stable dividend payments by Government-owned companies, and other sources of revenue including profits resulting from investments.” 

“The Royal Order supports the Kingdom’s position as a global investment powerhouse in line with the objectives of the Saudi Vision 2030.”