The Board of Directors of the Saudi Basic Industries Company (SABIC) recommended distributing 900 million Saudi Riyal ($240 million) dividends to stockholders for last year, which is equivalent to three riyal earnings per share, reported Al-Hayat . The General Assembly of SABIC is expected to meet at the company’s headquarters in Riyadh in the near future. The company’s net income totaled SR 1.8 billion and its sales totaled SR 29 billion in 2001. — (menareport.com
© 2002 Mena Report (www.menareport.com)
