Dubai:
Saudi Arabia’s Almarai said on Sunday its board recommended a cash dividend of 1 riyal ($0.27) per share for 2014.
Almarai paid an identical dividend on 2013 earnings, according to Thomson Reuters data. The total value of the latest dividend would be 600 million riyals, the company said in a statement to the Saudi bourse.
Shares of Almarai ended 3.19 per cent higher at 80 Saudi riyals per share. The company had a total assets of 23.89 billion Saudi riyals till June 2013.
Almarai operates dairy farms and processes food, and it markets dairy products and fruit juices.
