SAUDI ARABIA 

SABIC Approves Distribution Of $4Bn In Dividends

At its meeting on 14 April the Saudi Basic Industries Corporation (SABIC) general assembly approved the payment of SR15bn ($4bn) in dividends to shareholders at the rate of SR5 per share for the year 2011. The corporation has already distributed dividends to shareholders for the first half of 2011 at the rate of SR2 per share and will make a further distribution of SR3 per share to shareholders listed on the Saudi stock...