Here are a few things you need to know as Saudi stocks start trading on Tuesday.
1) National Building and Marketing Co. signed a SAR 63.228 million investment contract for an educational building in Riyadh for a period of 35 years.
2) Yanbu Cement Co.’s board of directors decided postponing an earlier recommendation on reducing the company's capital.
3) Najran Cement Co. will pay H2 2020 cash dividend at 7.5% of capital, or SAR 0.75 a share, as of April 13, 2021.
4) Anaam International Holding Group signed a non-binding memorandum of understanding (MoU) with Saudi Wasit Establishment for the potential acquisition of 51% stake in Saudi Wasit Factory for Entertainment & Beauty Systems.
5) The Mediterranean and Gulf Cooperative Insurance and Reinsurance Co. (MEDGULF) received Saudi Central Bank’s (SAMA) approval to sell political violence insurance product in Saudi Arabia.
6) Mouwasat Medical Services Co. commenced the pilot operation of the expansion project for Mouwasat Hospital in Dammam by conducting necessary tests for the construction and medical systems.
7) Seera Group Holding’s board of directors accepted the resignation of CEO Abdullah bin Nasser Al-Dawood, citing additional supervisory and leadership responsibilities.
8) Brent crude on Tuesday gained 55 cents to reach $62.70 per barrel. WTI crude also increased 64 cents to reach $59.29/bbl.
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