Fitaihi Holding Group’s board of directors recommended in its meeting held on Tuesday to withhold the distribution of a cash dividend for fiscal year 2014.
The decision comes as the company aims to expand its activities through its internal resources, according to its statement to Tadawul, Saudi Arabia’s bourse.
Fitaihi declared a five percent cash dividend in 2012 and 2013, according to data compiled by Argaam.
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