9 things to watch on Tadawul today

9 things to watch on Tadawul today
Brent crude on Friday gained 17 cents to reach $51.80 per barrel. WTI crude also increased 12 cents to reach $48.52/bbl. (Shutterstock)
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Updated 03 January 2021

9 things to watch on Tadawul today

9 things to watch on Tadawul today

Here are a few things you need to know as Saudi stocks start trading on Sunday.

1) Al-Babtain Power and Telecommunication Co.’s board of directors recommended a 10% cash dividend for the fiscal year 2020, at SAR 1 per share, amounting to SAR 42.63 million.

2) Raydan Food Co. submitted its request to increase capital through rights issue to the Capital Market Authority (CMA) on Dec. 30, 2020.

3) Bank Aljazira shareholders authorized the board of directors to distribute interim dividends, quarterly or semi-annually, for FY2021.

4) Abdullah Saad Mohammed Abo Moati for Bookstores Co. (Abo Moati) renewed a Shariah-compliant financing facility agreement with Saudi Investment Bank (SAIB) worth SAR 70 million.

5) Saudi Indian Company for Cooperative Insurance (Wafa Insurance) expects financial statements of FY2019 to be published before Jan. 31, 2021.

6) The CMA approved the listing of a 30% stake, or 7.5 million shares of Alkhorayef Water and Power Technologies Co.

7) SAIB signed a banking agency agreement with Virgin Mobile Saudi Arabia after obtaining the Saudi Central Bank’s (SAMA) non-objection.

8) Sumou Real Estate Co. and Sumou Holding Co. signed investments swap agreement on Dec. 30, 2020.

9) Brent crude on Friday gained 17 cents to reach $51.80 per barrel. WTI crude also increased 12 cents to reach $48.52/bbl.


8 things to watch on Tadawul today

8 things to watch on Tadawul today
Updated 19 min 14 sec ago

8 things to watch on Tadawul today

8 things to watch on Tadawul today

Here are a few things you need to know as Saudi stocks start trading on Monday.

  1. Almarai’s consolidated net profit after Zakat and tax jumped 10% to SAR 1.984 billion for the fiscal year 2020.
  2. Saudi Electricity Co.’s (SEC) shareholders approved a seven-year syndicated Murabaha facility worth SAR 3 billion, to be secured from National Commercial Bank (NCB).
  3. Al Moammar Information Systems Co.’s (MIS) board of directors approved the establishment of a limited liability company with 100% ownership.
  4. Saudi Pharmaceutical Industries & Medical Appliances Corp (SPIMACO) received a letter from the Arabian Medical Products Manufacturing Co. (ENAYAH), stating that its warehouse in the second Industrial City in Riyadh had a fire incident on Jan. 16, 2021.
  5. Zahrat Al Waha for Trading Co. signed a loan contract with the Saudi Industrial Development Fund (SIDF) valued at SAR 12.65 million.
  6. Al-Babtain Power and Telecommunication Co. will distribute dividend for FY2020, starting Feb. 9, 2021.
  7. Alhayat Medical Clinics (HMC) appointed Alinma Investment Co. as financial advisor for its planned initial public offering (IPO) on Nomu Parallel Market.
  8. Brent crude on Monday declined 69 cents to reach $55.41 per barrel. WTI crude also decreased 86 cents to reach $52.27/bbl.