Here are a few things you need to know as Saudi stocks start trading on Sunday.
1) National Company for Learning and Education (NCLE) approved distributing cash dividend at 8%, or SAR 0.8 a share, totaling SAR 34.4 million for the fiscal year 2018/19, ending Aug. 31, 2019.
2) Al Ahlia for Cooperative Insurance Co. renewed its license with the Saudi Council of Cooperative Health Insurance (CCHI) for 1 year, ending on Jan. 7, 2021.
3) National Commercial Bank’s (NCB) board of directors recommended a 12% cash dividend for the second half of 2019, at SAR 1.2 per share, amounting to SAR 3.6 billion.
4) Saudi Marketing Co. (Farm Superstores) renewed a credit facility agreement with Banque Saudi Fransi (BSF), amounting to SAR 112 million.
5) Al-Babtain Power & Telecommunication Co.’s board of directors will increase capital of Inara Company Limited (Inara), its wholly-owned subsidiary, by SAR 18.4 million from SAR 8.4 million to SAR 26.8 million.
6) Derayah Financial transferred the ownership on Thursday the ownership of a logistics property in Dammam to Derayah REIT Fund, as the legal and technical procedures were completed successfully.
7) National Gas & Industrialization Co. (GASCO) denied social media reports about changing the prices of liquefied petroleum Gas (LPG).
8) Brent crude on Friday gained 24 cents to reach $68.16 per barrel whereas WTI Crude also increased 4 cents to reach $61.72/bbl.
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