By: Thabet Shehata
Riyadh – Mubasher: Shareholders’ of companies listed in the Saudi Stock Exchange (Tadawul) are awaiting for cash dividends worth SAR 1.3 billion and bonus shares worth SAR 101.67 million this week, totalling SAR 1.4 billion.
According to data compiled by Mubasher,30 companies will hold their general meetings this week, of which 11 firms will discuss cash dividends for the fiscal year 2015 and the second half of the year.
The highest cash dividends were recommended by Banque Saudi Fransi, as its shareholders will gather on 20 April to will look into distributing cash dividends at 55 halalas for the second half of fiscal 2015, totalling SAR 662.9 million.
The Savola Group’s shareholders will also discuss on 19 April cash dividends at 50 halalas for the fourth quarter of fiscal 2015, totalling SAR 266.99 million.
Shareholders of United International Transportation (Budget Saudi Arabia) are waiting for receiving a-for-five bonus shares (20% of the capital) for the fiscal 2015, totalling SAR 101.67 million.
Translated by: Elwy el-Manzalawy
