Riyadh - Mubasher: Investors in the Saudi Stock Exchange (Tadawul) are anticipating a series of important events this week, between 19 and 23 February, as a number of listed companies are holding their general assembly meetings.
Amana Cooperative Insurance will hold its extraordinary general meeting (EGM) on Sunday 19 February, to vote on reducing the company’s capital by 56.25% to SAR 140 million, in order to restructure the company as per the new regulations.
Likewise, Al Ahlia Cooperative Insurance will be holding its EGM next Wednesday 22 February, to vote on cutting capital by 50% to SAR 160 million.
On Monday, Amana and Al Ahlia received two letters from the Saudi Arabian Monetary Agency (SAMA) directing then to resolve their respective financial issues in a period not to exceed 5 March.
Qassim Cement will hold its ordinary general meeting (OGM) on Thursday to vote on the board of directors’ recommendation to distribute cash dividends to shareholders for the year 2016 at SAR 4.75 per share, and to approve the annual financial statements.
Jabal Omar Development will also hold its ordinary and extraordinary general meetings on Thursday to discuss the financial results for last year.
