Here are a few things you need to know as Saudi stocks start trading on Thursday.
1) Banque Saudi Fransi’s (BSF) board of directors has recommended a 10 percent cash dividend for the first half of 2019, at SAR 1 per share, amounting to SAR 1.2 billion.
2) Gulf General Cooperative Insurance Co. (Gulf General) inked an agreement with Al-Rashid Trading & Contacting Co. to provide health insurance services to the company's staff and their dependents.
3) Al Moammar Information Systems Co. was awarded SAR 68.04 million worth of contract from the Company for Cooperative Insurance (Tawuniya).
4) Salama Cooperative Insurance Co.’s shareholders are set to elect board members for the upcoming three-year term on July 25, 2019.
5) Middle East Specialized Cables Co.’s board of directors (MESC) has re-appointed Abdulaziz bin Mohamed Suleiman Al-Namlah as Chairman of the board, effective as of July 2, 2019 for a three-year term.
6) Brent crude on Thursday declined 36 cents to reach $63.46/bbl, while WTI crude also decreased 27 cents to reach $57.07/bbl.
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