Here are a few things you need to know as Saudi stocks start trading on Tuesday.
1) Naseej International Trading Co.’s shareholders approved, on Dec. 20, a 65.4% capital cut to SAR 61.63 million from SAR 178.16 million.
2) Al Rajhi REIT Fund signed, on Dec. 20, a SAR 254.5 million Shariah-compliant loan facility agreement with Al Rajhi Bank.
3) Arabian Aramco Total Services Co. partially redeemed SAR 141.7 million worth of sukuk, representing 3.78% of the sukuk’s original face value (scheduled semi-annually).
4) Saudi Paper Manufacturing Co. (SPM) rights trading period ended Dec. 21, 2020.
5) Vodafone Group ended talks with Saudi Telecom Co. (STC) on selling 55% stake in Vodafone Egypt.
6) The General Authority for Competition (GAC) imposed a fine of SAR 10 million on stc Group, on violating Article 5 of the competition law.
7) National Company for Learning & Education (NCLE) shareholders are set to vote, on Jan. 13, on an 8% cash dividend for the fiscal year 2019/2020 ended Aug. 31, 2020, at SAR 0.8 per share.
8) Saudi Aramco Development Co., a subsidiary of oil giant Aramco, and Cognite AS signed an agreement to establish a joint venture (JV) as part of their strategic digitalization partnership.
9) Brent crude on Tuesday declined 10 cents to reach $50.18 per barrel. WTI crude also decreased $1.36 to reach $47.74/bbl.
Comments
{{DisplayName}}
{{ElapsedTime}}