JEDDAH: Saudi Arabia’s Jarir Marketing Co. has proposed a third-quarter dividend of SR1.8 per share, the retailer said in a statement.

This is slightly above the dividend of SR1.67 per share the company paid in the third quarter of 2013, Reuters data shows.

Jarir, which earlier this month reported a 9 percent rise in third-quarter profit to SR203 million, will distribute a total dividend of SR162 million for the three months ending Sept. 30, the statement said.