Takween Advanced Industries Co. (TAKWEEN) jumped the most in more than three weeks after the Saudi Arabian manufacturer of plastic products said it recommended paying a 2011 cash dividend of 1.35 riyals a share.

The stock soared as much as 10 percent, the largest intraday increase since Feb. 8, to 55 riyals at 1:50 p.m. in Riyadh before trimming gains to 54.50 riyals. Takween started trading shares on the Saudi stock exchange on Feb. 7.

To contact the reporter on this story: Mourad Haroutunian in Riyadh at mharoutunian@bloomberg.net

To contact the editor responsible for this story: Shaji Mathew at shajimathew@bloomberg.net