Saudi Arabia Fertilizer Company (Safco) said on Monday its board has proposed a cash dividend of SR3 ($0.8) per share for the second half of 2014.

The figure, announced in a bourse statement, is down from the SR6 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