Here are a few things you need to know as Saudi stocks start trading on Tuesday.
1) The Saudi Stock Exchange (Tadawul) announced trading hours will remain unchanged for all listed securities.
2) The Capital Market Authority (CMA) extended deadline for the Tadawul-listed companies to disclose their Interim financial statements for the period ending March 31, 2020 to 50 days.
3) Al-Babtain Power & Telecommunication Co. (AL-Babtain) signed a medium-term Murabaha facility agreement with Samba Financial Group at SAR 150 million.
4) Savola Group’s shareholders are set to vote, on April 29, on the board’s recommendation to distribute a 3% cash dividend, or SAR 0.30 per share, for the fiscal year 2019.
5) Almarai Co.'s shareholders approved the board's recommendation on paying cash dividend at 8.5% of capital, or SAR 0.85 a share, for FY2019.
6) Southern Province Cement Co.’ shareholders approved the board’s recommendation on paying cash dividend at 22.5%, or SAR 2.25 per share for H2 2019.
7) BATIC Investments and Logistics Co.’s board of directors reappointed Ahmed Mohamed Al Sanea as chairman for a new 3-year term, effective April 3, 2020.
8) National Agriculture Marketing Co. (Thimar) postponed its ordinary general meeting (OGM), slated for April 5, 2020, due to the lack of quorum.
9) Brent crude on Tuesday gained 83 cents to reach $33.88 per barrel. WTI Crude also increased 73 cents to reach $26.81/bbl.
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