Here are a few things you need to know as Saudi stocks start trading on Sunday.
1) Dallah Healthcare Co. recommended a 20% capital hike to SAR 900 million from SAR 750 million through issuance of 1 bonus share for every 5 shares held.
2) Abdulla Saad Abo Moati For Bookstore Co. (Abo Moati) opened a new showroom in Riyadh, with an investment of SAR 1.03 million.
3) Taiba Investments Co. recommended a 4.5% cash dividend for the fourth quarter of 2019, at SAR 0.45 per share, amounting to SAR 72.21 million.
4) Saudi Industrial Services Co. (SISCO) recommended a 6% cash dividend for the fiscal year 2019, at SAR 0.60 per share, amounting to SAR 48.96 million.
5) Zahrat Al Waha Trading Co. recommended a 7.5% cash dividend for the second half of 2019, at SAR 0.75 per share, amounting to SAR 11.25 million.
6) Saudi Aramco obtained an unconditional EU antitrust approval for its $69 billion bid for a 70% stake in Saudi Basic Industries Corp. (SABIC).
7) Al-Sorayai Trading and Industrial Group invited its shareholders to attend the extraordinary general assembly meeting on March 24, 2020, to vote on amending articles related to its name and objectives.
8) Brent crude on Friday declined $2.06 to reach $49.67 per barrel. WTI Crude also decreased $2.33 to reach $44.76/bbl.
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