VOL. XLIV

No. 13

26-March-2001

SAUDI ARABIA

SABIC Recommends SR1.33Bn Dividend After 113% Profit Increase

Following the announcement of profits of SR3.63bn ($968mn) for 2000, up 113% on the previous year, the board of directors of the Saudi Basic Industries Corporation (SABIC) announced on 14 March that it had recommended a dividend totaling SR1.33bn ($355mn), with the distribution of one bonus share for every eight shares. The recommendations will be put before the annual general assembly of...