Saudi Arabia's Almarai proposes 2013 dividend of 1 riyal per share

29/12/2013 Reuters

Saudi Arabia's Almarai said on Sunday that its board has recommended a cash dividend of one riyal ($0.27) per share for 2013.

The total value of the distributed dividend would be 600 million riyals, the company said in a statement on the Saudi bourse.

The dividend represents 10 percent of the nominal value of each share, it said.

Almarai gave a dividend of 1.25 riyals per share in 2012, according to Saudi bourse data.

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