The Board of Directors of the Saudi Arabian Fertilizers Corporation (SAFCO) recommended at a meeting held here yesterday, a hike in the capital of the Corporation from SR 2 billion to SR 2.5 billion through granting a free share for each four shares. It also recommended distribution of SR 400 million to the shareholders for the second half of 2007, two riyals for each share. This will raise the profits proposed for the distribution for 2007 to SR 1 billion, Five riyal for each share. Eng. Mohammed bin Hamad Al-Madi, the Executive President of SAFCO, said the Board of Directors had reviewed at its meeting the performance of the Corporation.
