Riyadh - Mubasher: Investors in the Saudi Stock Exchange (Tadawul) are anticipating a series of major events this week, between 20 and 24 August, led by a number of general assembly meetings and dividends distributions.
Saudi Telecom Company (STC) will begin on Sunday the distribution of cash dividends to its shareholders for the second quarter of 2017, at SAR 1 per share, with a total amount of SAR 2 billion.
Meanwhile, Al Andalus Property Company will hold its ordinary general meeting (OGM), where they will vote on selling Al Andalus Mall and the nearby hotel, which represents a total of 56% of the company’s assets.
Zamil Industrial Investment will distribute on Monday dividends for the first half of the year, at SAR 1 per share, with a total SAR 60 million.
Similarly, Jazan Development will begin on Tuesday 22 August the distribution of SAR 25 million in dividends to its shareholders for fiscal year 2016 at SAR 0.50 per share.
On Thursday, Jarir Marketing, and Al Tayyar Travel Group will distribute cash dividends to their respective shareholders at SAR 1.45 and SAR 0.50 per share, respectively.
