Arriyadh Development (Arriyadh) has announced its financial headlines for 2Q18. Sales revenue fell 9.2% Y-o-Y to SAR61mn. Gross profit came in at SAR48mn (-11% Y-o-Y, +3.6% Q-o-Q), while operating profit came in at SAR45mn (-12% Y-o-Y, +2.5% Q-o-Q) and net profit also at SAR45mn (-3.0% Y-o-Y, +2.5% Q-o-Q). 1H18 sales revenue shrank 8.2% to SAR120mn. Gross profit totalled SAR95mn (-10% Y-o-Y), while operating profit totalled SAR88mn (-11% Y-o-Y) and net profit SAR88mn (-1.2% Y-o-Y). The company has proposed a SAR66.7mn cash dividend for 1H18. This is equivalent to SAR0.50/share and implies a dividend pay-out of 76% and a dividend yield of 5.7%, based on an annualised payment. Ex-dividend date is set on 30 July, payment on 13 August.