BRIEF-Aramco Announces Court Ruling In Co's Favour In Case By Alleged Heirs Of Khalid Abu Al-Waleed Al-Hood Al-Qarqani

Nov 22 (Reuters) - SAUDI ARABIAN OIL CO:

* ANNOUNCES ISSUING OF TRIAL-LEVEL COURT RULING IN FAVOUR OF SAUDI ARAMCO TO DISMISS CASE BROUGHT BY ALLEGED HEIRS OF KHALID ABU AL-WALEED AL-HOOD AL-QARQANI

* CASE BROUGHT BY ALLEGED HEIRS OF KHALID ABU AL-WALEED AL-HOOD AL-QARQANI BEFORE THE U.S. DISTRICT COURT FOR THE SOUTHERN DISTRICT OF TEXAS

* THE VALUE OF THE CLAIM WAS ROUGHLY $18 BILLION, HOWEVER, RULING IS IN SAUDI ARAMCO’S FAVOUR,

* THIS CASE IS NOT EXPECTED TO HAVE ANY FINANCIAL IMPACT ON SAUDI ARAMCO

* AT THIS TIME, SAUDI ARAMCO DOES NOT INTEND TO TAKE ANY MEASURES GIVEN THAT A TRIAL-LEVEL COURT RULING HAS BEEN ISSUED IN SAUDI ARAMCO’S FAVOUR Source text for Eikon: Further company coverage:

11/22/2020 6:58

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