Saudi Arabia-based Mobily (Etihad Etisalat) is to pay out a cash dividend of SAR 385 million ($102.7 million) to shareholders for 2020.

The company announced to Saudi Stock Exchange Tadawul that board members had recommended the distribution of the cash dividends.

It said the number of shares eligible was 770 million, with a dividend per share of SAR 0.5.

The company reported a profit of SAR 537 million ($143.2 million) for the first nine months of 2020, up 244 percent from SAR 156 million ($41.6 million) in 2019.

(Writing by Imogen Lillywhite; editing by Daniel Luiz)

imogen.lillywhite@refinitiv.com

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