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Mon 20 Dec 2010 09:40 AM

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SABIC recommends SR2 per share dividend in H2 2010

Saudi Basic Industries Corp's dividend equates to a payout of SR6bn ($1.60bn)

SABIC recommends SR2 per share dividend in H2 2010
DIVIDEND DECLARATION: Saudi Basic Industries Corp (SABIC) has recommended a SR2  per share dividend for the second half of 2010

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.

 

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