Here are a few things you need to know as Saudi stocks start trading on Tuesday.
1) Ataa Educational Co. reported a net profit after zakat and tax of SAR 16.3 million for Q1 ending on Oct. 31, 2019, a decline of 5% year-on-year (YoY) due to application of IFRS 16.
2) Almarai Co.’s board of directors recommended an 8.5% cash dividend for the fiscal year 2019, at SAR 0.85 per share, amounting to SAR 850 million.
3) Advanced Petrochemical Co.’s board of directors recommended a 6.5% cash dividend for the fourth quarter of 2019, at SAR 0.65 per share, amounting to SAR 140.7 million.
4) Sahara International Petrochemical Co.’s (Sipchem) board of directors recommended purchasing 10%, or 73.33 million, of its shares, to be retained as treasury shares.
5) Saudi Indian Cooperative Insurance Co. (Wafa Insurance) submitted the amended proposal of the financial restructuring plan to the relevant court within the given timeframe.
6) Dallah Healthcare Co. signed on Monday an agreement to buy a 10% stake in Meras Arabia Medical Holding Co. (Meras), specializing in dental and aesthetic medicine.
7) Abdullah Al Othaim Markets Co. opened on Monday a new branch in Riyadh, bringing the total number of branches in Saudi Arabia to 237.
8) Brent crude on Tuesday declined 14 cents to reach $64.11 per barrel whereas WTI Crude also decreased 13 cents to reach $58.89/bbl.
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