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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