Riyadh – Mubasher: Abdullah Al Othaim Markets' board recommended the distribution of cash dividends to shareholders for fiscal year 2016.

The proposed dividends stand at SAR 2 per share, representing 20% of the nominal value and totalling SAR 90 million, according to a bourse filing on Wednesday.

The eligibility will concern shareholders of record until the close of trading on the general assembly's date, which will be announced later after obtaining the regulatory approvals.

As for the twelve months of 2016, the company achieved net profits of SAR 230.03 million, down by 0.37% from SAR 230.88 million in 2015.