MIDEAST STOCKS-Saudi Hollandi jumps on bonus share plan, small-caps lift Riyadh:
"Saudi Arabia stocks rose on Wednesday as Saudi Hollandi Bank surged after saying it would issue bonus shares, with investors over-betting on an announcement that should provide little material benefit to shareholders.
The lender's board wants shareholders to receive one bonus share for each held, a recommendation investors thought was more important than Hollandi's proposal to pay a cash dividend of 0.25 riyals ($0.06) per share for 2015, a quarter of what it paid for the previous year.
Hollandi shares rose 5.1 percent, having slumped to a 29-month low on Sunday."
'via Blog this'
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