Riyadh - Mubasher: Investors in the Saudi Stock Exchange (Tadawul) are anticipating a series of important events next week, between 23 and 27 April, led by the bourse’s decision to amend the transactions settlement cycle.
The Saudi Stock Exchange (Tadawul) has recently announced amending the transactions settlement cycle of listed securities from (T+0) to (T+2), a decision that is effective Sunday 23 April.
Meanwhile, Saudi Basic Industries Corp (SABIC) will begin on Sunday, the distribution of cash dividends to its shareholders for the second half of 2016 at SAR 2 per share, with a total value of SAR 6 billion.
Similarly, Kingdom Holding Company will also distribute SAR 163.9 million in dividends on Sunday at SAR 12.5 per share.
Halwani Bros, and Lazurde Company for Jewelry will begin on Monday their own distribution of cash dividends at SAR 2.5 and SAR 0.5 per share respectively.
On Tuesday, Bank Al Jazira will distribute dividends to its shareholders for 2016 at SAR 60 per share, with a total of SAR 200 milllion.
