FINANCIAL NEWS

KSA’s SABIC suggests SR3 dividend for June-Dec

17 Dec 2015

(MENAFN) Saudi Basic Industries Corp.,(SABIC) has offered to pay a cash dividend of SR3 per share USD0.80 for the last six months of the current year, according to the latest reports.

SABIC is a diversified manufacturing firm, active in chemicals and intermediates, industrial polymers, fertilizers, and metals, let alone it’s the biggest public company in Saudi Arabia.

SABIC was the world’s 4th largest chemical producer in 2013 and it’s now the 2nd largest global ethylene glycol producer and is expected to top the list after the revealing of new projects.

Furthermore, the leading behemoth is located in Riyadh and has interests in 17 affiliated companies, which range from full ownership to significant partial participation.

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