The BoD of Alujain Corporation (Alujain) [2170.SE] has recommended the distribution of an additional SAR0.50/share dividends on 12 November, 2016, totaling up to SAR1/share dividends. The board attributed the recommendation of increasing dividends to the improvement in the company’s operational and financial performance. It is worth noting that this implies a dividend yield of 6.64% and a payout ratio of 68.2% based on the company’s latest share price and annualised 9M16 earnings. The company also noted that the ex-dividend date is still on 1 January 2017, and that the general assembly will decide on the distribution date. (Tadawul)