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Saudi Fransi to pay H1 dividend

Banque Saudi Fransi has said it has received regulatory approval to pay a 0.7 riyal ($0.19) dividend for the first half of 2011, Reuters has reported. "Banque Saudi Fransi announces that it has secured the authorities' approval on the board of directors' recommendation to pay 70 halala per share or 7% of the share's nominal value as half-yearly dividend for 2011," the bank said.