Here are a few things you need to know as Saudi stocks start trading on Wednesday.
1) The listing and trading of SAR 252.5 million in local-currency government debt instruments began on the Saudi Stock Exchange (Tadawul) yesterday.
2) Zahrat Al Waha for Trading Co. renewed on Monday a SAR 67.4 million credit facility with Alinma Bank, the company said in a statement to Tadawul.
3) Yanbu Cement Co.’s shareholders approved on June 10 a 5 percent cash dividend for the second half of 2018, at SAR 0.5 per share, totaling to SAR 78.75 million.
4) Al Yamamah Steel Industries Co.'s board of directors recommended withholding dividend for the first six months of fiscal year ending Sept. 30, 2019.
5) Nomu-listed National Building and Marketing Co. (NBM) has been placed under a one-day trading halt starting yesterday, pending disclosure of Q1 2019 financial results.
6) Brent crude on Wednesday declined 89 cents to reach $61.40/bbl, while WTI crude also decreased 82 cents to $52.45/bbl.
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