Casablanca – Mubasher: Residences Dar Saada SA (RDS) said its board of directors proposed the distribution of cash dividends for 2014 at MAD 6.4 per share.

The company’s FY14 net profits rose 33% to MAD 406 ($40.1 million), from MAD 306 million ($30.2 million) a year earlier.

RDS is capitalised at MAD 1.3 billion, divided into 26.2 million shares at MAD 50 per share.