KDL Logistics, Al Rashid, Future Vision Go Ex-Dividend June 17

Three Saudi stocks trade ex-dividend today, June 17, resetting their share prices to reflect the payout.

KDL Logistics, listed on the Nomu parallel market, goes ex-dividend this session. Shareholders who bought before today are entitled to the distribution; anyone buying from today onward gets the stock without the dividend claim.

Al Rashid Industrial Co. also turns ex-dividend today. The company, which operates in the industrial sector, pays out its dividend to holders of record as of the close of the prior trading day.

Future Vision for Health Training Co. rounds out the trio. The health-training firm's ex-dividend date falls on the same session, meaning its stock price adjusts lower by the dividend amount at the open.

Ex-dividend mechanics are straightforward: the exchange marks the stock down by the per-share dividend at the start of trading. The adjustment prevents arbitrage between buyers who capture the dividend and those who do not. For traders, the ex-date is the cutoff – any purchase before today captures the payout; any purchase today or later does not.

All three companies trade on Nomu, the Saudi Exchange's parallel market for smaller and emerging companies. Nomu stocks tend to have thinner liquidity than the main board, which can amplify the price adjustment on ex-dividend days.