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Major events on Tadawul this week

Major events on Tadawul this week
Traders at Tadawul headquarters (Photo Credit: Arabianeye - Reuters)

Riyadh – Mubasher: Traders on the Saudi Stock Exchange (Tadawul) are to see the following events during 24-28 July, most importantly including five firms' cash dividend distribution.  

According to Mubasher's survey, Samba Financial Group, Advanced Petrochemical, Middle East Healthcare, Qassim Cement, and Middle East Paper will announce cash dividend payout up to SAR 1.65 billion, of which Samba's shareholders are entitled to SAR 1.2 billion.

Bishah Agriculture Development will hold the third extraordinary general meeting for discussing whether to maintain or dissolve the business activity on 24 July.

On the same day, the extraordinary meeting of Fawaz Abdulaziz Al Hokair will also be called to look into retaining cash dividend distribution as well as selling a subsidiary.

On 27 July, Tihama Advertising and Public Relations' shareholders will tackle the use of the statutory reserve to cut part of its accumulated losses.  

Further, Advanced Petrochemical's extraordinary meeting will chew over raising the company's capital through bonus shares.