(Riyadh, 12 December 2006) In its meeting held December 11, 2006, under the chairmanship of Mohamed Al-Mady, Chairman and Managing Director, the Saudi Arabian Fertilizer Company (SAFCO), Vice Chairman & CEO, SABIC, the SAFCO board of directors decided to recommend to the shareholders' General Assembly, scheduled for April 2007, to distribute 600 million riyals to the shareholders for the second half of the current year, at 3 riyals per share. This will bring the total dividends, proposed for distribution to shareholders for 2006, to 1.1 billion riyals.



Mohamed Al-Mady stated that during the meeting the board of directors also reviewed the company's performance during 2006 and approved the company's plan and budget for 2007. He expressed his appreciation and thanks to the board of directors and the company's executive management and employees for their continued efforts, calling on all to redouble efforts to achieve further great achievements.