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Sabic offers bonus shares
- Saudi Arabia: Monday, December 31 - 2007 at 07:27
The Saudi Basic Industries Corporation (Sabic) plans to offer its shareholders one free share for every five currently held, according to Bloomberg. The move will increase its number of shares from 2.5bn to 3bn and will raise its share capital to around $8bn. The firm will also pay a dividend of SR2, or $0.5, per share for H2 2007.
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Jonathan Sheikh-Miller, Deputy EditorMonday, December 31 - 2007 at 07:27 UAE local time (GMT+4)
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