Saudi Contractor Al Khodari Recommends $0.13 Per Share 2013 Dividend

The contractor reported a 69 per cent decline in fourth-quarter net profit last month.



Saudi Arabia’s Abdullah A. M. Al-Khodari Sons Co said in a bourse filing on Monday its board had recommended paying a cash dividend of 0.5 riyals ($0.13) per share for 2013.

The figure is the same as the payout for 2012.

The contractor reported a 69 per cent decline in fourth-quarter net profit last month, as it continued to be hit by changes to employment law in the kingdom.