Here are a few things you need to know as Saudi stocks start trading on Thursday.
1) National Agricultural Development Co. (Nadec) received a letter from the Ministry of Environment, Water and Agriculture issuing a Royal Order to grant ownership for parts of lands the company has been using in Wadi Al Dawasir, Hail, and Al Jawf.
2) Al-Samaani Factory for Metal Industries Co. signed a three-year logistics contract with National Aquaculture Group (NAQUA) for a total value of SAR 33.46 million.
3) Advanced Petrochemical Co.’s (Advanced) board of directors will distribute a 6.5% cash dividend for the second quarter of 2020, at SAR 0.65 per share, amounting to SAR 140.7 million.
4) Shareholders of Tihama Advertising and Public Relations Co. will vote, on July 15, on capital hike to SAR 175 million from SAR 75 million through a SAR 100 million rights issue.
5) Abdullah A. M. Al-Khodari Sons Co. (Alkhodari) announced the death of Saleh Abdullah Al-Naeem, the company’s secretary for financial restructuring, on June 21, 2020.
6) Development Works Food Co.’s shareholders approved, on June 23, audited financial statements and audit report for the fiscal year 2019.
7) Gulf Union Cooperative Insurance Co.’s shareholders approved, on June 23, audited financial statements and audit report for the fiscal year 2019.
8) Brent crude on Thursday declined 19 cents to reach $40.12 per barrel. WTI Crude also decreased 13 cents to reach $37.88/bbl.
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