5 things to watch on Tadawul today

24/12/2018 Argaam

 

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

 

1) Saudi Company for Hardware (SACO) opened on Thursday its first store in Taif, the firm said in a bourse statement.

 

2) Al Kathiri Holding Co. inked on Sunday a Sharia-compliant credit facility agreement worth SAR 6.523 million with Riyad Bank.

 

3) Arabia Insurance Cooperative Co.’s (AICC) board of directors has recommended a capital hike through a SAR 265 million rights issue.

 

4) National Commercial Bank’s (NCB) board of directors has recommended an 11 percent cash dividend for the second half of 2018, at SAR 1.1 per share, amounting to SAR 3.288 billion.

 

5) Advanced Petrochemical Co. has awarded an engineering, procurement and construction (EPC) contract worth $350.6 million for the construction of 400,000 metric tons per annum polypropylene plant in the southern port city of Ulsan in South Korea.

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