By: Thabet Shehata
Riyadh – Mubasher: Shareholders of companies listed in the Saudi Stock Exchange (Tadawul) are awaiting for cash dividends worth SAR 3.6 billion ($960 million) and bonus shares amounting to SAR 100 million ($26.7 million) this week, totalling SAR 3.7 billion ($986.32 million).
According to data compiled by Mubasher, 27 companies will hold their general meetings this week, of which 10 firms will discuss cash dividends for the fiscal year 2015 and the second half of the year.
The highest cash dividends were proposed by Saudi Electricity Company, as its shareholders will gather on 24 April to look into distributing cash dividends at 70 halalas for fiscal 2015, totalling SAR 2.92 billion ($778.396 million).
Meanwhile, the Arabian Cement Company’s shareholders will gather on 28 April to consider the distribution of cash dividends at SAR 2.5 ($0.67) for the second half of 2015, totalling SAR 250 million ($66.64 million).
Shareholders of Saudi Marketing Company are also waiting for the distribution of 2-for-7 bonus shares (28.57% of the capital), totalling SAR 100 million ($26.66 million).
Translated by: Elwy el-Manzalawy
