In contrast to markets in the UAE, the Riyadh bourse regained territory. The Saudi Arabian Tadawul All Share Index gained 0.11 per cent to reach 9,556.64 points on Thursday, April 24. SABIC closed flat at SAR115. The shares of Makkah Construction and Development Company surged by two percent to SAR85.75. Earlier in the day, the firm’s board of directors recommended the total amount of distribution of dividend to be SAR412 million ($111.24m), representing SAR2.50 divided per share or 25 per cent of the face value.
Thursday, April 24- 2014 @ 18:23 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.