RIYADH, 11 February 2007 — The Capital Market Authority (CMA) yesterday agreed to increase the capital of Tabuk Cement from SR700 million to SR900 million, by issuing two bonus shares for each seven shares, in lieu of transferring SR200 million from profits. The company will now have 90 million shares, in place of 70 million.
Jarir Net Profits Soar 38% in 2006
RIYADH, 11 February 2007 — Jarir Marketing Co. will pay dividends of SR6 per share to its shareholders for the financial year 2006. The total amount of dividends is SR180 million. The company achieved net profits of SR243.3 million or 38 percent more than the net profits of SR176.2 million achieved over the same period in 2005. The operating profit increased by 37 percent to SR242 million against SR176.8 million in 2005, according to a company statement posted on the Tadawul website yesterday.
Samba General Assembly Talks
RIYADH, 11 February 2007 — Samba Financial Group will hold a meeting of the general assembly at the Paris Hall of Four Seasons Hotel in Riyadh on March 7. The company has decided to pay dividends at the rate of SR1.7 per share, bringing the total per share dividend to SR3.4. An interim payment of SR1.7 was made in the first half of 2006, the Tadawul website said yesterday.
Riyad Bank Set to Distribute Dividends
RIAYDH, 11 February 2007 — The board of directors of Riyad Bank decided to distribute dividends at the rate of SR1.6 per share for the second half of 2006. An ordinary general body meeting of the bank will be held at the bank’s headquarters in Riyadh on Feb. 26.
Saudi Industrial Investment Profit Up
RIYADH, 11 February 2007 — Saudi Industrial Investment Group made profit of SR55 million against SR42 million in 2005, its Tadawul website said yesterday.
