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Four Saudi firms to distribute dividends in week

Four Saudi firms to distribute dividends in week
NCB will distribute cash dividends for H1-16 at SAR 0.60 per share- (Photo Credit: Arabianeye-Reuters)
Default Company
1214.O
0.00% 0.00 0.00
WATANIYA
8300
-1.37% 15.80 -0.22
CITY CEMENT
3003
0.23% 17.44 0.04

Default Company
2050.B
6.03% 37.80 2.15
Default Company
1180.O
0.00% 0.00 0.00
ZAMIL INDUST
2240
0.10% 20.04 0.02

By: Thabet Shehata

Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) will witness the dividends distribution of four Saudi companies at a value of SAR 1.54 billion ($409.4 million) between 14 and 18 August.

The Saudi National Commercial Bank (NCB) will distribute cash dividends for the first half of 2016 at SAR 0.60 per share, totalling SAR 1.2 billion on 17 August.

NCK acquires 78% of the coming distributions during the week, according to a statistics by Mubasher.

City Cement gave the green light to paying out cash dividends for H1-16 at SAR 0.75 a share, totalling SAR 141.9 million on 15 August.

Moreover, the first stage of subscription period of Wataniya Insurance's capital hike will end on 18 August.

The company will double its capital from SAR 100 million to SAR 200 million.

The ordinary general meeting (OGM) of Al Hassan Ghazi Ibrahim Shaker Co. (Shaker) will discuss forming a review board for the new session on Tuesday 16 August.

Translated by: Sara Ghali