JEDDAH, 27 March 2004 — The board of directors of the Saudi National Gas and Industrialization Company (GASCO) has proposed a cash dividend payment of SR5 per share for 2003, equal to ten percent of the share par value, the company said. This comes after the company posted a net profit of SR128.8 million for 2003, down from SR138.6 million for 2002. The dividend is subject to approval by the company’s shareholders at a meeting, scheduled for the end of April.