Tadawul: Zoujaj goes ex-dividend, Al Akaria ex-rights today

18/05/2022 Argaam

Tadawul trading screen

Shares of the National Co. for Glass Industries (Zoujaj) go ex-dividend today, May 18.

 

Zoujaj’s board of directors recently recommended a 5% cash dividend for the first half of 2022, at SAR 0.5 per share, amounting to SAR 16.45 million.

 

In addition, shares of Saudi Real Estate Co. (Al Akaria) have their ex-rights today, in case the capital increase is approved.

 

Al Akaria’s shareholders will vote on increasing capital through a SAR 1.593 billion rights issue, during the extraordinary general meeting (EGM) scheduled for today.

 

The rights issue is aimed to finance and execute the company's future plans and projects, as well as expansion of the various activities and partial repayment of credit facilities.

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