Banque Saudi Fransi Hikes First-Half Dividend
The proposed figure is above the SAR0.3 per share which the bank paid for the corresponding period of 2013.
Banque Saudi Fransi’s board has proposed a cash dividend of SAR0.45 ($0.12) per share for the first half of 2014, the Credit Agricole affiliate said on Wednesday.
The proposed figure, announced in a Riyadh stock exchange filing, is above the SAR0.3 per share which the bank paid for the corresponding period of 2013, according to Thomson Reuters data.
Fransi, Saudi Arabia’s fourth-largest listed lender by assets, reported on Monday an estimate-beating 16 per cent rise in second-quarter net profit it attributed to higher operating income.