Saudi Arabia's Almarai said on Sunday that its board has recommended a cash dividend of one riyal ($0.27) per share for 2013.

The total value of the distributed dividend would be SR600 million ($160 million), the company said in a statement on the Saudi bourse.

The dividend represents 10 per cent of the nominal value of each share, it said.

Almarai gave a dividend of 1.25 riyals per share in 2012, according to Saudi bourse data.-Reuters