December 20, 2016 / 1:00 PM / 7 months ago

Saudi bank ANB proposes 0.45 riyals/share dividend for H2 2016

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DUBAI, Dec 20 (Reuters) - Arab National Bank, Saudi Arabia's seventh-largest bank by assets, has proposed paying a cash dividend of 0.45 riyals ($0.12) per share for the second half of 2016, it said in a statement on Tuesday.

The dividend is lower than 0.55 riyals paid in the corresponding period of last year.

$1 = 3.7508 riyals Reporting by Hadeel Al Sayegh. Editing by Jane Merriman

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