Etihad Etisalat (Mobily), a leading telecom operator in Saudi Arabia, is proposing a dividend for the second quarter of 2013 of 1.2 riyals ($0.32) per share, a bourse filing said on Wednesday, a 20 percent increase on last year.

The firm, an affiliate of the UAE’s Etisalat, beat analyst forecasts with a 13.4 percent rise in second-quarter net profit as revenue from data and business services increased and it made efficiency gains. – Reuters