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Tadawul awaits important events this week

Tadawul awaits important events this week
Photo Credit: Arabianeye-Reuters
BAHRI
4030
0.53% 22.62 0.12
SAIC
2120
1.33% 26.70 0.35
NASEEJ
1213
-0.38% 39.35 -0.15

AYYAN
2140
0.98% 14.36 0.14
JARIR
4190
-1.68% 15.20 -0.26

Riyadh - Mubasher: Investors in the Saudi Stock Exchange (Tadawul) are anticipating a series of important events this week led by the ordinary general meeting by National Shipping Company.

The National Shipping Company of Saudi Arabia will hold its ordinary general meeting (OGM) on Monday 12 January, to discuss distributing cash dividends to shareholders for 2016 at SAR 2.5 per share, with a total value of SAR 984.38 million.

Meanwhile, Saudi Advanced Industries Company will hold its extraordinary general meeting (EGM) on 15 January to vote on reducing the company’s statutory reserve from 50% to 30%.

Jarir Marketing, Al Sorayai Group, and Al Ahsa Development Company will also be holding their respective general meetings on the week between 15 to 19 January.