RIYADH, 19 April 2004 — Saudi Arabian Basic Industries Corporation (SABIC) General Assembly Saturday night approved payment of dividends of SR3,600 million ($960 million) to shareholders, at SR12 per share. Payment will be made on May 1, 2004. Distributed dividends will represent (24 percent) of capital. SABIC chairman, Prince Saud Ibn Abdullah Ibn Thunayan Al-Saud, said: “2003 has been the year of record accomplishments. SABIC has realized its highest figures of productivity, marketing development, technology and profitability ever since its formation.