Here are a few things you need to know as Saudi stocks start trading on Monday.
1) Saudi National Bank’s board of directors recommended an 8% cash dividend, at SAR 0.80 per share, for 2020, amounting to SAR 3.58 billion.
2) Saudi Electricity Co.'s (SEC) shareholders will vote on April 27, 2021, on the board's recommendation of distributing 7% cash dividend, at SAR 0.70 per share, for 2020.
3) National Agricultural Development Co. (NADEC) extended for additional three months the memorandum of understanding (MoU) signed last year with Pure Harvest Smart Farms to build and operate high-tech hydroponic climate-controlled greenhouses spanning 60,000 square meters (sqm).
4) Al Kathiri Holding Co.’s board of directors approved to convert Alian Industry Co. from a limited liability company to a closed joint stock company.
5) Abdullah A. M. Al-Khodari Sons Co. announced that all the members of the company's board of directors resigned on April 3, 2021, including chairman Sultan bin Mohammed Al-Hajri.
6) Nama Chemicals Co. received a final offer from the Saudi Industrial Development Fund (SIDF) to reschedule its defaulted loans.
7) Aseer Trading, Tourism & Manufacturing Co. (Aseer) said the court approved an appeal request filed by the seller of the land located in north of Riyadh, on March 18, 2021, after the expiry of the objection period.
8) Brent crude on Monday declined 40 cents to reach $64.46 per barrel. WTI crude also decreased 36 cents to reach $61.09/bbl.
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