VOL. XLVI

No 13

31-March-2003

SAUDI ARABIA

SABIC Recommends Distribution Of $400Mn To Shareholders

The Board of Directors of Saudi Basic Industries Corporation (SABIC) has recommended payment of SR1,500mn ($400mn) to company shareholders at SR5 per share and the proposal is set to be presented at the annual general assembly of shareholders on 19 April. SABIC is aiming to increase annual production to 48mn tons/year of petrochemicals by 2010, said Vice Chairman and Managing Director Muhammad...