Saudi Basic Industries Corp's dividend equates to a payout of SR6bn ($1.60bn)
Saudi Basic Industries Corp
(SABIC) has recommended a SR2 per share dividend
for the second half of 2010, it said on Monday.
This dividend equates to a payout of SR6bn ($1.60bn).
SABIC paid a SR1.5 per share dividend in the first half
of 2010, distributing SR4.5bn riyals to shareholders.
"The total recommended dividends to shareholders for 2010 is
SR10.5bn at SR3.5 per share," the firm
said in a statement on Saudi Arabia's bourse website.