Riyadh - Mubasher: Investors in the Saudi Stock Exchange (Tadawul) are anticipating a series of major events this week, between 15 and 19 October, led by a number of general assembly meetings and cash dividends distributions.
Abdullah Al Othaim Markets will begin on Wednesday 18 October, distributing cash dividends to its shareholders for the first half of 2017, at SAR 2 per share, with a total value of SAR 90 million.
Similarly, Bank Albilad will distribute SAR 0.3 per share beginning 19 October, with a total value of SAR 180 million.
On Thursday, Saudi Vitrified Clay Pipes will be distributing SAR 22.5 million in cash dividends also for H1-17, at SAR 1.5 per share.
Chubb Arabia Cooperative Insurance will hold on Thursday 19 October its extraordinary general meeting (EGM) to vote on raising the company’s capital by 100%, from SAR 100 million to SAR 200 million, through the issuance and distribution of bonus shares.
