5 important events awaiting investors in the Saudi Tadawul market next Sunday

Next Sunday, investors in the Saudi Stock Exchange (Tadawul) are awaiting a group of important events affecting market movement and stock performance, on the dates announced by official sources.

We review 5 important events that investors are closely anticipating, and which constitute factors influencing investment decisions and market trends.

Next Sunday will witness the disbursement of cash dividends to the shareholders of the National Glass Industries Company “Zajaj” at the rate of 0.9 riyals per share, representing 9% of the capital for the second half of the fiscal year 2024, which is the third distribution during the current year after the first on May 27, at a value of 0.5 riyals per share, and the second at 0.6. riyals per share on August 22.

The subscription period for the priority rights trading of Salama Cooperative Insurance Company “Salama” also ends on Sunday for 10 million shares at a price of 10 riyals per share, resulting in an increase in capital from 200 million riyals to 300 million riyals, by 50%.

Also on Sunday, the monthly statistical bulletin of the Central Bank of Saudi Arabia (SAMA) is issued, and Al-Munajim Food Company (Al-Munjam) will hold its ordinary general assembly to vote on electing members of the Board of Directors.

Also on Sunday will be the announcement of the final allocation of the offering shares of Al-Mousa Health Company “Al-Moussa”, after offering 13.29 million shares of the company’s shares for subscription, representing 30% of the capital, 20% of which were allocated to individual subscribers and 80% to institutional subscribers.