Here are a few things you need to know as Saudi stocks start trading on Wednesday.
1) Abdullah A. M. Al-Khodari Sons Co. has announced updates in its financial restructuring process as one of the bankruptcy law’s procedures.
2) The board of directors of Dallah Healthcare Co. will distribute 5% cash dividend for the first half of the fiscal year (FY) 2019, at SAR 0.50 per unit, amounting to SAR 750 million.
3) Saudi Paper Manufacturing Co. (SPM) reduced its accumulated losses to SAR 7.2 million, or 7.84% of its capital as of Nov. 4, 2019.
4) The board of directors of Abdullah Al Othaim Markets Company will distribute interim cash dividends to shareholders at 15% of the capital (equivalent to SAR 1.5 per share) for the first nine months of 2019.
5) Alujain Corp. and the National Agriculture Marketing Co. (Thimar) were placed under a one-day trading halt starting today Nov. 12, pending disclosure of Q3 2019 financial results.
6) Brent crude on Wednesday declined 24 cents to reach $61.82 per barrel whereas WTI Crude also decreased 18 cents to reach $56.62/bbl.
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