Saturday, Oct 06, 2012
BEIRUT (Zawya Dow Jones)--Abdullah Al Othaim Markets Co. (4001.SA), a Saudi owner and operator of supermarket chains, Saturday said its new board has re-elected Abdullah Al Othaim as chairman.
The new board, which was elected by the company's shareholders Wednesday, will have a three-year term, Othaim Markets said in a statement posted on the Saudi bourse website.
The company said in a separate statement that its shareholders have approved a cash dividend payout of 22.5 million Saudi riyals ($6 million) for 2011 at the rate of SAR1 a share.
Shares ended -1.2% at SAR85.75 Saturday.
Write to Shikrallah Nakhoul at shikrallah@zawya.com
Copyright (c) 2012 Dow Jones & Co.
(END) Dow Jones Newswires
06-10-12 1338GMT
