Several company developments are taking place on Tadawul on Sunday, such as Saudi Basic Industries Corporation’s (SABIC) decision to issue a cash dividend at 30 percent of capital for the second half of 2014.
Similarly, Nama Chemicals, the National Petrochemical Co., (Petrochem) and Yanbu Cement will hold general meetings today to discuss routine issues.
Almarai Co. will distribute on Sunday a cash dividend for fiscal year 2014 at 10 percent.
In addition, Savola Group will pay a cash dividend at 5 percent for fourth quarter of 2014.
Meanwhile, today is the ex-dividend date for Taiba Holding Co’s cash dividend at 5 percent for the first quarter.
The below table illustrates Tadawul's key events:
|
Saudi Market Events for April 12, 2015 |
|||
|
Location |
Decisions |
Event |
Company |
|
Company’s headquarter-Riyadh |
Approves 30% cash dividend for H2-2014 |
Assembly and dividend |
Sabic |
|
Holiday Inn Hotel- Izdihar, Riyadh |
Approves 2014’s financial transactions with Saudi Industrial Investment Group |
General Assembly |
Petrochem |
|
Company’s headquarter- Jubail Industrial City |
Approves elected board membersfor a period of 3 years, effective from April 19, 2015 |
General Assembly |
Nama Chemicals |
|
Company building- Jeddah |
Approves 25% cash dividend for H2-2014. Approves to amend some of the company’s articles. |
Assembly and dividend |
Yanbu Cement |
|
-- |
Approve 10% cash dividend for 2014 |
Dividend |
Almarai |
|
-- |
Approves 5% cash dividend for Q4-2014 |
Dividend |
SAVOLA |
|
-- |
Approves 5% cash dividend for Q1-2015 |
Dividend |
Taiba Holding Company |
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