Riyadh - Mubasher: Investors in the Saudi Stock Exchange (Tadawul) are anticipating a series of major events in the upcoming week between 9 and 13 April.
Saudi Basic Industries Corp (SABIC) will hold its ordinary general meeting (OGM) on Tuesday 11 April to discuss the distribution of cash dividends to shareholders for the second half of 2016 at SAR 2 per share, with a total value of SAR 6 billion.
Similarly, Saudi Telecommunications Company (STC) will hold its OGM on Monday 10 April to vote on amendments of the company’s primary law, as well as approving last year’s financial statements, and the board and auditor’s reports.
On Sunday, Saudi Cement Company will hold its extraordinary general meeting (EGM) to vote on the distribution of cash dividends for H2-16 at SAR 2.75 per share, with a total amount of SAR 420.75 million.
Meanwhile, Riyad Bank will begin Monday the distribution of SAR 900 million in dividends to shareholders for H2-16 at SAR 0.3 per share.
