SABIC hikes proposed first-half dividend to 2.5 riyals a share

Dubai: Saudi Basic Industries Corp (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.