February 16, 2017 / 6:04 AM / 8 months ago

Saud retailer Jarir recommends higher Q4 dividend

DUBAI, Feb 16 (Reuters) - The board of Saudi Arabia’s Jarir Marketing recommended a cash dividend of 2.15 riyals ($0.5735) per share for the fourth quarter, the retailer said in a bourse statement Thursday.

The figure is higher than the 1.95 riyals per share dividend for the same period of 2015.

Jarir reported a 3.5 percent rise in fourth-quarter net profit last month. ($1 = 3.7492 riyals) (Reporting by Alexander Cornwell; Editing by Gopakumar Warrier)

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