Here are a few things you need to know as Saudi stocks start trading on Wednesday.
1) Mulkia Investment Co. invited unit holders of Mulkia Gulf Real Estate REIT to a general meeting on Feb. 4, 2020, to vote on increasing the fund’s capital from SAR 600 million to SAR 681.1 million.
2) Ataa Educational Co. approved distributing cash dividend at 10%, or SAR 1 per share, totaling SAR 40 million for the fiscal year ending July 31, 2019.
3) Ash-Sharqiyah Development Co. postponed its extraordinary general assembly (EGM) slated for Jan. 20 due to the lack of quorum.
4) SEDCO Capital REIT Fund will pay a 1.65% cash dividend for the fourth quarter of 2019, at SAR 0.165 per unit, amounting to SAR 9.9 million as of Jan. 26, 2020.
5) Derayah REIT Fund posted SAR 1.042 billion net asset value (NAV) for the fourth quarter of 2019.
6) Brent crude on Wednesday declined 26 cents to reach $64.33 per barrel whereas WTI Crude decreased 28 cents to reach $58.10/bbl.
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