Riyadh - Mubasher: Investors in the Saudi Stock Exchange (Tadawul) are anticipating a series of important events this week, between 18 and 22 December, led by the distribution of cash dividends by Al Babtain.

Earlier, Al Babtain Power and Telecommunication Company announced that it will distribute on 20 December cash dividends to the shareholders, for the first nine month of 2016, at SAR 1 per share or 10% of capital and, at a total value of SAR 42.6 million.

Meanwhile, Al Ahlia Cooperative Insurance will hold its extraordinary general meeting (EGM) on 19 December to vote on reducing the company’s capital by 50% to SAR 160 million, through the termination of 16 million shares.

Saudi Indian Company for Cooperative Insurance (Wafa Insurance) will also hold its EGM on 18 December to elect a new board of directors for three years, as well as to vote on amending the company bylaws, and the corporate governance manual.

Similarly, Tihama Advertising and Public Relations will hold its ordinary general meeting (OGM) on Sunday 18 December, to vote on filing complaints against some of the company’s former board members, and to authorize the chairman to appoint someone to represent the company in the case.