VOL. XXXVI
NO. 31
3 MAY 1993
SAUDI ARABIA
SABIC To Distribute Dividends In May
The general assembly of the Saudi Basic Industries Corporation (SABIC) hasapproved a recommendation of the corporation's board to distribute SR1bn($267mn) in dividends to shareholders at the rate of SR10 per share, scheduledto start on 1 May. SABIC in 1992 reported a 14.6% decline in net profit toSR1.964bn ($524mn) from SR2.295bn ($612mn) in 1991 (MEES, 15 March 1992).
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