Riyadh - Mubasher: Investors in the Saudi Stock Exchange (Tadawul) are anticipating a series of important events this week led by the distribution of cash dividends by Saudi Telecom Company (STC).

STC will begin on Sunday 20 November distributing cash dividends for the third quarter of 2016 at SAR 1 for every share, with a total amount of SAR 2 billion.

Meanwhile, Al Hassan Ghazi Ibrahim Shaker will distribute on Tuesday 22 November cash dividends for the nine-month period that ended 30 September 2016 at SAR 0.75 per share totalling SAR 47.25 million.

On the other hand, Saudi Transport and Investment Company (Mubarrad) will hold its extraordinary general meeting (EGM) on Monday 21 November to vote on raising the company’s capital from SAR 180 million to SAR 240 million through the issuance of bonus shares.

This week will also see Lazurde and Al Yamamah Steel holding their respective EGMs, while Qassim Agriculture and Salama Cooperative Insurance will hold their ordinary general meetings (OGMs).