Saudi's Mobily proposes 1.25 riyal H1 dividend

Saudi telecom operator Etihad Etisalat (Mobily) proposed a half-year dividend of 1.25 riyals ($0.33) per share, according to a company statement.   

The board also proposed to an upcoming shareholders' meeting to set a dividend ratio of "not less than 40 percent (4 riyals)" for 2011, said the statement posted on the bourse website.