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SABIC board proposes SAR3/share cash dividend

SABIC board proposes SAR3/share cash dividend
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The board of Saudi Basic Industries Corporation (SABIC) has recommended on Wednesday the distribution of cash dividend for the second half of 2014 at SAR 3 per share, or 30% of stock par value, totaling SAR 9 billion.
The eligibility for the cash dividend is for shareholders of record on Tadawul Securities Depository Center on the date of the company’s general meeting, which will be announced later upon receiving required approvals.
SABIC had paid SAR 7.5 billion in cash dividend during the first half of 2014 at SAR 2.5 per share, or 25% of stock par value.