Tawuniya, APICO Trade Ex-Dividend; Arabian Shield Ex-Bonus on TASI

Neither move changes the underlying value of the companies. The dividend reduces retained earnings. The bonus issue dilutes per-share metrics without altering total equity. For index funds tracking the Tadawul All Share Index, the price drops trigger automatic portfolio weight adjustments.

TASI traded near 11,500 points on Sunday, little changed from the prior session. No unusual volume preceded today’s corporate actions in any of the three names. The exchange follows a T+2 settlement cycle, meaning trades executed today settle Wednesday. Shareholders on the record date, typically two trading days after the ex-date, receive the dividend or bonus.

For buyers entering today, the lower entry price comes without entitlement to the dividend. The payout goes to holders who registered before the ex-date. Foreign investors face a 20% withholding tax on dividend distributions in Saudi Arabia.

No further corporate actions are scheduled this week for Tawuniya, APICO, or Arabian Shield.