Middle East Economic Survey

VOL. LIII

No 52

27-Dec-2010

SAUDI ARABIA

SABIC Board Recommends Distribution Of Dividends For 2H10

The Saudi Basic Industries Corporation (SABIC) board of directors has decided to recommend an SR2 ($0.53)/share dividend for the second half of 2010, the corporation announced on 19 December. In its entirety, this dividend is reported to equate to a payout of SR6bn ($1.6bn). Eligible shareholders will be those listed on Saudi Arabias Tadawul stock exchange at the...