Tadawul awaits important events this week
16 Jul 2017

Tadawul awaits important events this week

Investors in the Saudi Stock Exchange (Tadawul) are anticipating a series of important events this week, between 16 and 20 July, led by the dividends distributions by Riyad Bank and Arab National Bank.

On Sunday, Riyad Bank will begin distributing dividends to shareholders for the first half of 2017 at SAR 0.35 per share, with a total value of SAR 1.05 billion.

Meanwhile, Al Jouf Cement will hold its extraordinary general meeting (EGM) on Monday 17 July to vote on the board of directors’ recommendation to raise the company’s capital by 10% from SAR 1.3 billion to SAR 1.43 billion through the distribution of cash dividends.

Saudi Advanced Industries will begin on Wednesday distribution SAR 12.5 in dividends to its shareholders for H1-17, at SAR 0.25 per share.

Similarly, Advanced Petrochemical will distribute dividends starting Thursday 20 July at SAR 0.7 per share, representing 7% of the company’s capital, with a total amount of SAR 137.8 million.

Source: Mubasher