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Saudi’s SAFCO Halves Dividend For H2 2014

Saudi’s SAFCO Halves Dividend For H2 2014

The figure is down from the SAR6 per share that the company paid for the corresponding period of 2013.

Saudi Arabia Fertilizer Co (SAFCO) said on Monday its board has proposed a cash dividend of SAR3 ($0.8) per share for the second half of 2014.

The figure, announced in a bourse statement, is down from the SAR6 per share that the company paid for the corresponding period of 2013, according to Thomson Reuters data.

SAFCO is a unit of Saudi Basic Industries Corp (SABIC).

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