Two Saudi Stocks Go Ex-Dividend, One Ex-Rights on Tadawul

Southern Province Cement Co. shares trade without the right to the H2 2025 dividend from today, June 15. The ex-dividend date means any buyer from this session onward will not receive the payout.

On the Nomu parallel market, Al-Modawat Specialized Medical Co. also goes ex-dividend for the second half of 2025. Shareholders of record as of the prior close are entitled to the distribution.

Separately, First Avenue for Real Estate Development Co. trades ex-rights today. The adjustment reflects a rights issue that dilutes existing holdings unless shareholders participate.

For traders tracking dividend capture or corporate-action timing, the ex-date is the cutoff. Buying before it locks in the entitlement; buying after means the price adjusts downward by the dividend amount, with no compensation.

Southern Province Cement, a Tadawul-listed building-materials producer, typically sees volume pick up around its payout dates. Al-Modawat, a healthcare-services firm listed on Nomu, has a smaller float and thinner liquidity, which can amplify the price adjustment on ex-dividend days.

First Avenue's ex-rights move is the more structurally significant event. Rights issues change the share count and, depending on the subscription price, can create a valuation gap that takes sessions to close. Investors holding through the ex-date should check the terms of the offering and decide whether to exercise or sell the rights.

All three adjustments are standard corporate actions under Capital Market Authority rules. The ex-date mechanics are the same across markets: the exchange sets the record date, and the price opens lower by the theoretical value of the dividend or rights.

For a broader view of Saudi market activity, see the stock market analysis page.