Sahara Petrochemical approves 8.5 per cent dividend
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 by nearly four per cent to SAR20.55. Earlier in the day, Sahara Petrochemical revealed that that the ninth ordinary general assembly meeting, which was held on Sunday, March 19, 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 2013.