The Tadawul All Share Index closed 0.14 per cent lower at 9,305.64 points on Thursday, March 20. SABIC, the biggest producer of petrochemical products and metals, ended unchanged at SAR115.50. The shares of Sahara Petrochemical fell nearly four per cent to SAR20.55. Earlier in the day, Sahara Petrochemical said that the 9th ordinary general assembly meeting which was held on Sunday March 19 has approved the board of directors recommendation to distribute an amount of SAR372.975 as dividend to shareholders at the rate of SAR0.85 per share representing 8.5 per cent of the company’s capital for the fiscal year 2013.
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