By: Thabet Shehata
Riyadh – Mubasher: Shareholders in companies listed on the Saudi Stock Exchange (Tadawul) are anticipating cash dividends totalling SAR 3.63 billion ($968 million) in the week from 8 till 12 May.
Seven ordinary general meetings (OGMs) are also scheduled to be held during the week.
Statistics by Mubasher show that 9 companies will distribute cash dividends between Sunday and Thursday.
Shareholders of Saudi Electricity Co. will receive the highest dividends on Sunday. Distributions amount to SAR 0.7 per share, totalling SAR 2.92 billion for FY15 and represent 80% of total dividends on Tadawul during the week.
Jarir Marketing ranks second highest in terms of dividend distributions this week, which will be given out on Thursday, 12 May. The distributions amount to SAR 1.75 per share for Q1-16 and total SAR 157.5 million, representing 17.5% of capital.
Other companies scheduled to give out cash dividends this week include: Taiba, SASCO, Saudi Ceramics and others.
Translated by: Nada Adel Sobhi
