OREANDA-NEWS. SABIC held an extraordinary general assembly meeting at its headquarters in Riyadh on April 13 after a quorum, and approved its agenda as follows:

Approval of the Board of Directors report for the financial year ending December 31, 2013

Approval of the external corporate auditors report and the final accounts for the fiscal year ending December 31, 2013.

Approval of the Board's recommendation to distribute SR 9,000,000,000 cash dividends for the second half of 2013 at SR 3 per share representing 30 percent of the nominal share value. SR 6,000,000,000 has been distributed for the first half of 2013, at SR 2 per share representing 20 percent of the nominal share value. Eligibility for the second half of the profits will be for the shareholders registered in Tadawul by the end of trading on the day of the Assembly meeting. Payment of dividends will begin on April 23, 2014. Thus, the total profits recommended for distribution for 2013 will be SR 15,000,000,000 at SR 5 per share, representing 50 percent of the nominal share value.

Approval to pay SR 1,800,000 as remuneration for the Board of Directors - SR 200,000 per member - for the fiscal year ending December 31, 2013.

Approval to add the remaining net profits to the general reserve.

Discharge of the members of the Board of Directors for the fiscal year ending December 31, 2013.

Approval of the recommendation of the Audit Committee on the selection of an external auditor to review the quarterly financial statements and corporate annual reports and determine the auditors fees for the fiscal year 2014.

Approval to amend the scope of work of the Nomination and Remuneration Committee.

Approval to amend articles 33, 35, 39 and 49 of the company's Articles of Association.