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Tadwul to see SAR 1.03bn cash dividends

Tadwul to see SAR 1.03bn cash dividends
SABB dominates 51% of this week’s cash dividends - (Photo Credit: Arabianeye-Reuters)
WATANIYA
8300
-1.37% 15.80 -0.22
CATERING
6004
0.96% 105.40 1.00
SAB
1060
4.63% 35.00 1.55

SGS
4031
0.86% 29.40 0.25

By: Thabet Shehata

Riyadh - Mubasher: Investors await a series of important events in the Saudi Stock Exchange (Tadawul) during this week, with 6 companies distributing cash dividends worth a total of SAR 1.03 billion ($274.23 million).

The Saudi British Bank (SABB) dominates 51% of this week’s cash dividends, as its shareholders will receive a total of SAR 525 million in dividends for H1-16, starting 1 September, at SAR 0.35 per share.

Saudi Airlines Catering Company comes in second, with cash dividends totalling SAR 143.5 million, representing 14% of total distributed dividends, set to be distributed starting 31 August

Similarly, Saudi Ground Services Company will distribute SAR 122.2 million in cash dividends for Q2-16 starting 30 August, a 12% of total dividends distributed this week.

Meanwhile, on Sunday 28 August, Wataniya Insurance will continue the subscription period of the company’s capital increase.

 

Translated by: Moslem Ali