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18-Oct-2016

Jarir’s BoD proposes SAR2.15 DPS for 3Q16

Jarir Marketing's Board of Directors (BoD) has proposed a cash dividend distribution of SAR2.15/share for 3Q16 (total of SAR193.5mn). The quarter's payout is c88% broadly in line with the company’s recent run rate of 85-90%. Dividend yield (9M16 annualised) is 8.2%. The ex-dividend date is 1 November 2016 and the distribution date is 10 November 2016. (Company disclosure, Hatem Alaa, Nada Amin)   Jarir Marketing Co.: SAR82.32 as of 17 October 2016, Rating: Neutral, FV: SAR127.00 per share, MCap: USD1,976mn, JARIR AB / 4190.SE

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