Banque Saudi Fransi hikes first-half dividend

DUBAI, July 9 Wed Jul 9, 2014 9:07am EDT

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DUBAI, July 9 (Reuters) - Banque Saudi Fransi's board has proposed a cash dividend of 0.45 riyals ($0.12) per share for the first half of 2014, the Credit Agricole affiliate said on Wednesday.

The proposed figure, announced in a Riyadh stock exchange filing, is above the 0.3 riyals per share which the bank paid for the corresponding period of 2013, according to Thomson Reuters data.

Fransi, Saudi Arabia's fourth-largest listed lender by assets, reported on Monday an estimate-beating 16 percent rise in second-quarter net profit it attributed to higher operating income. ($1 = 3.7503 Saudi Riyals) (Reporting by David French; Editing by Matt Smith)