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Saudi's Riyad Bank recommends lower cash dividend for H2 2016
January 4, 2017 / 12:51 PM / 9 months ago

Saudi's Riyad Bank recommends lower cash dividend for H2 2016

DUBAI, Jan 4 (Reuters) - The board of Riyad Bank has proposed paying a cash dividend of 0.30 riyals ($0.08) per share for the second half of 2016, Saudi Arabia’s fourth-largest lender by assets said on Wednesday.

The lender paid shareholders a dividend of 0.35 riyals per share for the corresponding period of 2015.

$1 = 3.7506 riyals Reporting By Tom Arnold; Editing by Susan Fenton

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