The Board of Directors of SABIC affiliate the Saudi Arabian Fertilizer Company (SAFCO) decided to distribute 500 million Saudi Riyals half yearly dividends for shareholders for the corporate results of the first half of fiscal year 2006, at 2.5 SR per share. Date of eligibility shall be for the shareholders at the close of business on June 30, 2006, according to a press release of SABIC. Payment of dividends shall be effected three weeks from the date of eligibility.