Here are a few things you need to know as Saudi stocks start trading on Tuesday.
1) Mulkia Gulf Real Estate REIT Fund will pay a 1% cash dividend for the three-month period from Oct. 31, 2020 until Dec. 31, 2020, at SAR 0.10 per unit, totaling SAR 6.8 million.
2) The Capital Market Authority (CMA) issued a resolution on imposing SAR 500,000 fines on the former members and chairman of the board of directors of Saudi Indian Company for Cooperative Insurance (Wafa Insurance).
3) Etihad Atheeb Telecommunication Co. (GO) will relocate its headquarters to King Abdullah Branch Road, Al Mughrizat District, Riyadh.
4) Alandalus Property Co.’s shareholders will vote on electing members of the board of directors for the upcoming three-year session that starts March 10, 2021.
5) Brent crude on Tuesday gained 27 cents to reach $55.02 per barrel while WTI crude also decreased 5 cents to reach $52.31/bbl.
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