JEDDAH: Saudi Arabia’s Savola Group said it would distribute a third-quarter dividend of SR0.75 per share.

The dividend was split between SR0.5 a share ordinary dividend and SR0.25 share exceptional dividend after the company’s “outstanding performance and the capital gain achieved during this quarter,” it said in a bourse filing.

Earlier, Savola reported a 53.3 percent jump in third-quarter net profit, having previously announced it would book a SR593.5 million gain in the period from selling its entire stake in a Jeddah real estate project to an affiliate.

Savola paid a third-quarter dividend of SR0.5 per share in the corresponding period of 2013, according to Thomson Reuters data.