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Saudi market sluggish amid missing input from the U. S.

While American exchanges remained closed Wednesday to observe the U. S.'s Independence Day, Saudi Arabia's Tadawul finished its last trading day of the week 0.73% lower at 6,834.77 points. Sabic fell 1.37% to SR90. Saudia Diary and Foodstuff Company slipped 0.90% to SR55.00. Earlier in the day, the food producer said at its First Extraordinary General Assembly Meeting (EGM) of held on Monday June 25 2012, shareholders approved the distribution of SR97.5m in dividends for the financial year ended on March 31 2012 at SR3 per share to shareholders on the Tadawul register at the close of trading of the EGM day on June 25 2012. Dividends payment will be made by Saudi Hollandi Bank Monday on July 16 2012 through the Saudi Hollandi Bank's branches.