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Safco ... slashing dividend

Safco halves dividend for H2 2014

RIYADH, January 5, 2015

Saudi Arabia Fertiliser Co (Safco) said its board has proposed a cash dividend of 3 riyals ($0.8) per share for the second half of 2014.
 
The figure, announced in a bourse statement, is down from the 6 riyals 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). -- Reuters
 



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