DUBAI, Jan 24 (Reuters) - Alawwal Bank, Saudi Arabia's oldest lender, said on Tuesday its board had recommended to not pay a dividend for 2016.
The bank, which paid a cash dividend of 0.25 riyals ($0.067) per share for 2015, swung to a net loss of 249.3 million riyals in the fourth quarter as operating expenses climbed.
($1 = 3.7487 riyals)
(Reporting By Tom Arnold; Editing by Gopakumar Warrier) ((Tom.Arnold@thomsonreuters.com; +97144536265; Reuters Messaging: tom.arnold.thomsonreuters.com@reuters.net))
The bank, which paid a cash dividend of 0.25 riyals ($0.067) per share for 2015, swung to a net loss of 249.3 million riyals in the fourth quarter as operating expenses climbed.
($1 = 3.7487 riyals)
(Reporting By Tom Arnold; Editing by Gopakumar Warrier) ((Tom.Arnold@thomsonreuters.com; +97144536265; Reuters Messaging: tom.arnold.thomsonreuters.com@reuters.net))
