stream during 2010, this will add to total company production and sales going forward. Also, as the global economy improves during the year, we expect to see demand for our products improve.” “SABIC has performed admirably this year in the face of unusual market conditions and has the financial strength and strategy to take advantage of opportunities that emerge during economic turbulence,” he said. “SABIC continues to be able to make strategic moves, including expansion of capacity at existing facilities, and investments in new industrial plants.” He added. “We recognize the efforts and dedication of our management group and employees and credit them for increasing production and sales quantities year on year even as margins came under pressure,” Prince Saud said. “This is very encouraging because the sales volumes were solid and increased, and every incremental increase in global demand brings an improvement in profitability.” Prince Saud also noted that the company's cost structure continues to be an advantage. “The integration of SABIC's structure into a single global enterprise will offer even further cost advantages as the company leverages its strategic planning, supply chain management, and functional best practices across the global enterprise,” he said. In its meeting of December 21, 2009, the SABIC Board of Directors decided to recommend to the General Assembly to approve payment of SR 4.5 billion in cash dividends to the shareholders for 2009 at SR 1.5 per share. Eligibility shall be for shareholders registered in Tadawul on the date of the General Assembly's meeting scheduled for April 2010.
