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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