Saudi Printing and Packaging said the board proposed withholding dividends for FY14, according to the Saudi bourse website.

The dividends will be carried over to retained earnings, to boost the company’s financial position and provide the liquidity needed to repay loans and fulfill obligations.

The Tadawul-listed firm posted net earnings of SAR 4.8 million for Q4-14, leaping 33.33% year-on-year from SAR 3.6 million but falling 60.33% quarter-on-quarter from SAR 12.1 million.