Tadawul: Electrical Industries goes ex-dividend, Gulf Union Alahlia ex-rights today

20/04/2022 Argaam
Tadawul trading screen

Tadawul trading screen

Shares of Electrical Industries Co. (EIC) have their ex-dividend for 2021, today, April 20.

 

The company’s board of directors recommended a 10% cash dividend for 2021 at SAR 1 per share. The payment date has not been determined yet.

 

Meanwhile, today is the ex-rights for Gulf Union Alahlia Cooperative Insurance Co. if the extraordinary general meeting (EGM) is held today.

 

The EGM will discuss the board’s recommendation to increase capital to SAR 458.95 million from SAR 229.50million, through a SAR 229.5 million rights issue.

 

The capital increase aims to finance the company’s plans, as well as boost its financial solvency and investment income.

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