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Saudi’s Jarir Marketing Proposes Q4 Dividend

Saudi’s Jarir Marketing Proposes Q4 Dividend

Jarir posted a 25.5 per cent increase in its fourth-quarter net profit.

Saudi Arabia’s Jarir Marketing Co has proposed a fourth-quarter dividend of SAR1.85 per share, the retailer said in a statement on Thursday.

That is higher than the dividend of SAR1.40 that the company paid for the fourth quarter of 2013, Reuters data shows.

Jarir, which in January posted a 25.5 per cent increase in fourth-quarter net profit to SAR200.8 million ($53.5 million), will distribute a total dividend of SAR166.5 million for the three months to Dec. 31, the statement said.

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