Aseer Shares Jump as Much as 7.9 Percent on 2011 Dividend Plan

Aseer Company for Trading, Tourism, Agriculture, Real Estate & Contracting (ATTMCO) surged the most in more than two years after the Saudi company’s board proposed 0.75 riyals ($0.2) a share in dividends for 2011.

The shares jumped as much as 7.9 percent, the largest intraday gain since Oct. 17, 2009 to 15.75 riyals before paring gains to 6.9 percent at 15.75 riyals as of 12:59 p.m. in Riyadh.

To contact the reporter on this story: Mourad Haroutunian in Riyadh at mharoutunian@bloomberg.net

To contact the editor responsible for this story: Shaji Mathew at shajimathew@bloomberg.net

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