By: Thabet Shehata
Riyadh - Mubasher: Investors in the Saudi Stock Exchange (Tadwul) are anticipating a series of important events this week, led by the distribution of cash dividends by SABIC, as well as the implementation of International Financial Reporting Standards (IFRS).
On Sunday 4 September, the Saudi Stock Exchange will begin to implement the International Financial Reporting Standards (IFRS), as decided in August.
Meanwhile Saudi Basic Industries Corporation (SABIC) will distribute cash dividends totalling SAR 6 billion for H1-16, at SAR 2 per share, representing 20% of capital, starting 6 September.
Al Sagr Cooperative Insurance will hold its ordinary general meeting (OGM) on Sunday, to approve the decision to distribute cash dividends at SAR 2 per share, with a total value of SAR 50 million.
Tihama Advertising and Public Relations will also be holding its OGM and EGM on Sunday.
Translated by: Moslem Ali
