Saturday, 06 September 2008 |
updated 1 minute ago
10:55 UAE time

YOUR DIRECTORY /

Saudi Research posts record results

by Rob Corder on Wednesday, 07 February 2007

Media conglomerate Saudi Research and Marketing Group (SRMG) said on Wednesday it was offering stockholders a dividend of 2 riyals ($0.533) per share.

SRMG is an umbrella organisation with interests ranging from daily newspapers and magazines through to an advertising and PR agency, a print works and a distribution business.

SRMG last month said it posted a fourth quarter net profit of 68 million riyals, up 58 percent from the year-earlier period.

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News of the dividend comes just a week after billionaire investor Prince Al Waleed bin Talal staked $1.3 billion into Saudi Arabian stocks, SRMG among them. He said at the time that prices seem "reasonable and logical".

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