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Saudi Electricity Co will distribute 545 million riyals ($149 million) among its Saudi employees, it said in a bourse statement on Monday.Saudi Telecom Co, 70 percent state-owned, will pay an extra 395 million riyals to its Saudi employees, it said in a similar filing, adding that the payout would be recorded in its first-quarter earnings.Saudi Basic Industries Corp (SABIC), the Gulf's biggest list company and one of the world's top petrochemical producers, will pay two months' basic salary to Saudi employees and has recommended its subsidiaries and affiliates do likewise, according to an internal memorandum seen by Reuters and confirmed by an official source.Last week, Saudi Arabia's newly crowned King Salman ordered the immediate payment of two months of bonus salary to all state employees and pension to retired government workers, marking his accession after the death of his brother King Abdullah.
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