The Board of Directors of the Riyad Bank decided to raise dividends awarded to stockholders for last fiscal year 2001 by 50 percent compared with the previous year, reported Al-Hayat . Earnings per share hit 15 Saudi Riyals for 2001 compared with SR 10 for 2000. The announcement about raising the dividends increased the price per stock on the local securities market by SR 5.5 reaching SR 246 two days ago. — (menareport.com)
© 2002 Mena Report (www.menareport.com)
