ROOTS Group distributed SR80 million cash dividends to shareholders (equivalent to 16 percent of capital or SR1.60 per share) as profits generated in 2011.
Samir Al Shubaily, Roots Group Deputy CEO, said the group’s profits increased by 7 percent compared to 2010, which confirms the group’s strength and the soundness of its business strategy. He said "over the last years, we witnessed several investment initiatives consistent with our overall strategy, which reflected the group’s strong commitment to improve its performance", pointing out that the successes of the group will further enhance the region’s economy."
The group’s annual revenue exceeded SR2.5 billion.
Roots recently signed a partnership with CASE Construction for the distribution of its heavy equipment and construction machinery in Saudi Arabia. – SG