Sabic to offer higher H1 dividends
Riyadh, July 3, 2014
Saudi Basic Industries Corporation (Sabic), one of the world's largest petrochemical firms, has proposed paying a cash dividend for the first half of 2014 of 2.5 riyals ($0.67) per share, it said in a bourse filing on Thursday.
The proposed figure is higher than the 2 riyals per share that the company paid in the corresponding period of 2013, according to Thomson Reuters data.
Meanwhile, Samba Financial Group, the kingdom's third-largest listed bank by assets, has proposed paying a cash dividend of 0.65 riyals ($0.17) per share for the first half.
The proposed figure is marginally higher than the 0.6 riyals per share which the bank paid in the corresponding period of 2013.-Reuters