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Al Othaim proposes SAR 1.75/shr dividend

Al Othaim proposes SAR 1.75/shr dividend
Photo Credit: Arabianeye-Reuters
A.OTHAIM MARKET
4001
-0.15% 13.00 -0.02

Abdullah Al Othaim said the board proposed cash dividend for FY14 at 17.5% of the stock par value, or SAR 1.75 per share, totaling SAR 78.75 million.
Shareholders registered on Tadawul Securities Depository Center until the close of trading on the ordinary general meeting date will be eligible for this dividend.
The dates of meeting and payment will be defined later.
The company posted SAR 74.23 million net profit for the fourth quarter of 2014, with 6% increase year-over-year from SAR 74.23 million and 75.53% quarter-on-quarter from SAR 42.29 million.
FY14 net profit rose 11.57% to SAR 214.78 million, from SAR 192.51 million a year earlier.