Here are a few things you need to know as Saudi stocks start trading on Monday.
1) State-owned Saudi Aramco’s weight on TASI and global indices depends on free float shares, Khalid Al-Hussan, Tadawul’s CEO, told Argaam in an exclusive.
2) Riyad REIT Fund invested SAR 350.8 million in a US property portfolio consisting of three office properties under long-term leases to strong investment grade tenants.
3) Qassim Cement Co.’s board of directors recommended a 10% cash dividend for the third quarter of 2019, at SAR 1 per share.
4) Arabian Centres Co.’s board of directors recommended a 9% cash dividend for the first half of 2019-20 ended September 30, 2019, at SAR 0.9 per share.
5) Banque Saudi Fransi (BSF) signed an agreement with Fitch Learning to launch the Banker Associate Program in Saudi Arabia.
6) Abdullah Al Othaim Markets Co. opened on Sunday a new branch in the Eastern region, bringing the total number of branches in the Kingdom to 236.
7) Bawan Company signed an SAR 88.5 million Sharia-compliant facility agreement with Banque Saudi Fransi (BSF) to finance its subscription in Saudi Aramco’s IPO.
8) Brent crude on Monday declined 0.30% to $64.20 per barrel whereas WTI Crude dipped 0.47% to $58.92/bbl.
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