Here are a few things you need to know as Saudi stocks start trading on Sunday.
1) Saudi Company for Hardware (SACO) opened a new store in Jeddah, bringing up the total number of stores to 35 across 18 Saudi cities.
2) Najran Cement Co.’s board of directors recommended distributing 7.5% cash dividend, at SAR 0.75 per share, for the first half of 2020.
3) Salama Cooperative Insurance Co. said that its actual solvency margin, as of June 30, 2020, exceeded the required margin, by 31%.
4) Al Maather REIT Fund signed an agreement to purchase an educational facility land in Al Salam district in Riyadh for a total of SAR 17 million.
5) Raydan Food Co. sold a vacant land plot to Khalid Al Ghamdi at a total value of SAR 4.14 million, inclusive of value-added tax (VAT).
6) Brent crude on Friday declined 2 cents to reach $41.92 per barrel. WTI crude also decreased 6 cents to reach $40.25/bbl.
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