Here are a few things you need to know as Saudi stocks start trading on Thursday.
1) King Salman approved a new package of economic initiatives to support the private sector during the COVID-19 pandemic.
2) Saudi Aramco’s board of directors appointed Lynn Elsenhans as the new chairman of the audit committee, and Mark Weinberger as a member of the committee.
3) Arab Sea Information Systems Co. began trading yesterday, April 15, on the Saudi Stock Exchange (Tadawul) with symbol 7201 under Information Technology sector and a daily fluctuation limit at 10%.
4) Saudi Research and Marketing Group’s (SRMG) shareholders are set to vote, on May 7, on amending some bylaws, audited financial statements, and audit report for the fiscal year 2019.
5) Tihama Advertising & Public Relations Co. postponed its extraordinary general meeting, slated for April 16, due to the precautionary measures to combat the coronavirus outbreak.
6) Raydan Cuisines and Restaurants Co. was unable to publish its financial statements for fiscal year 2019 as expected yesterday, April 15.
7) Taleem REIT Fund distributed cash dividend at SAR 0.16, or 1.6% initial price per unit for Q1 2020.
8) Eastern Province Cement Co.'s shareholders approved the board of directors' recommendation on paying cash dividend at 15% of capital, or SAR 1.50 a share, for FY2019.
9) Brent crude on Thursday gained 40 cents to reach $28.09 per barrel. WTI Crude also increased 4 cents to reach $19.91/bbl.
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