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Saudi Electricity Proposes 2013 Cash Dividend Of $0.19 Per Share

Saudi Electricity Proposes 2013 Cash Dividend Of $0.19 Per Share

In January, the monopoly said its annual profit for 2013 rose 19 per cent to 3.04 billion riyals from a year earlier.

Saudi Electricity Co has proposed paying a cash dividend of 0.7 riyals ($0.19) per share for 2013, the utility said in a bourse statement on Tuesday.

This would be the same as the company paid for 2012, Reuters data shows.

In January, the monopoly said its annual profit for 2013 rose 19 per cent to 3.04 billion riyals from a year earlier.

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