Riyadh - Mubasher: Investors in the Saudi Stock Exchange (Tadawul) are anticipating a series of important events this week between 5 and 9 March, led by the distribution of dividends by some listed companies.
Advanced Petrochemical will hold its extraordinary general meeting (EGM) on 7 March to vote on the distribution of cash dividends to shareholders for the fourth quarter of 2016 at SAR 0.7 per share, with a total value of SAR 137.8 million.
Saudi Airlines Catering Company will begin, on Wednesday 8 March, the distribution of dividends at SAR1.3 prt share or 13% of capital for Q4-16, with an amount totaling SAR 106.6 million.
Meanwhile, Solidarity Saudi Takaful will also be holding its EGM on Wednesday to vote on reducing the company’s capital by 55% to SAR 250 million.
On Thursday 9 March, Jarir Marketing and Qassim Cement will both begin distributing cash dividends to their respective shareholders at SAR 2.15 and SAR 1 per share, with total amounts of SAR 193.5 million and SAR 90 million respectively.
