Riyad Bank Propose 0.75 Riyal a Share Dividend for Second Half

The board of Riyad Bank (RIBL), Saudi Arabia’s third-largest lender by market value, proposed a dividend of 0.75 riyal a share for the second half of 2011.

That brings the payout for 2011 to 1.3 riyals a share, the bank said in a statement to the Saudi bourse today.

To contact the reporter on this story: Wael Mahdi in Cairo at wmahdi@bloomberg.net

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

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