Riyadh – Mubasher: The board of Savola Group approved the distribution of cash dividends for the year 2017.

The board recommended the distribution of 10% of the group's capital or SAR 1 per share, according to the company’s statement on the Saudi Stock Exchange (Tadawul) on Thursday.

The proposed dividends total SAR 533.98 million, Saudi Arabia's largest food products company said, but did not set a date for paying the dividend.

Savola Group's stock rose 1.6% to SAR 38.12 on Wednesday.