VOL. XL
No. 14
7-April-1997
SAUDI ARABIA
SABIC To Pay Out $667Mn In Dividends For 1996; FurtherPrivatization In View
Shareholders of the Saudi Basic Industries Corporation (SABIC)have approved a proposal by SABIC's board to distribute SR2.5bn ($667mn) in dividends for1996 at the rate of SR25 ($7) per share. The shareholders met on 30 March and approved the1996 audited results. The distribution of dividends is going ahead despite a 30% fall innet income to SR4.412bn ($1.18bn) in 1996 from...
Please log in to read the rest of this story.
You may purchase access to entire
MEES digital archives by subscribing.
This subscription gives you access to all the content of MEES digital archives up to 1978!