Riyadh - Mubasher: Investors in the Saudi Stock Exchange (Tadawul) are anticipating a series of events in the upcoming week between 19 and 23 March.
Al Rajhi Bank will hold its extraordinary general meeting (EGM) on Sunday 19 March to vote on distributing cash dividends for the second half of 2016 at SAR 1.5 per share.
Yamama Cement Company will begin distributing dividends to shareholders for the fourth quarter of last year at SAR 0.25 per share, with a total value of SAR 50.6 million, which represents 25% of the company’s capital.
The Company for Cooperative Insurance will be holding its EGM on Tuesday 21 March to vote on the distribution of cash dividends to shareholders at SAR 5 per share, and to raise the company’s capital by 25% through the issuance of bonus shares at 25%.
Similarly, Jarir Marketing will hold its ordinary general meeting (OGM) on Wednesday 22 March, to vote on the distribution of cash dividends for 2016, and to cancel allocating 10% of the net profits to the company’s reserve.
On Thursday, the EGM of Arab National Bank will take place, where shareholders will vote on the distribution of cash dividends for H2-16, at SAR 0.45 per share.
