By Mouaz bin Saad

Riyadh-Mubasher: The board of retailer Jarir Marketing recommended the distribution of cash dividends at SAR 2.25 per share, or 22.5% of par value, totaling SAR 202.50 million, for the first quarter of 2015

The proposed dividend payout represents 82% of the SAR 274 million net profits reported in Q1.

Shareholders of record till the close of trading on 28 April will be entitled to the dividend distribution.

Translated by Sayed Abdel Rahman