Fitaihi board withholds cash dividend for 2014

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.