Here are a few things you need to know as Saudi stocks start trading on Tuesday.
1) United Electronics Co. (eXtra) reported a net profit after Zakat and tax of SAR 81 million for the first quarter of 2021.
2) Southern Province Cement Co.'s shareholders approved the board's proposal for a 25% cash dividend, or SAR 2.5 a share, for the second half of 2020.
3) SABIC Agri-Nutrients Co.’s shareholders approved the board’s recommendation to distribute 10% cash dividend for second half of 2020, at SAR 1 per share.
4) Saudi Electricity Co. (SEC) completed the installation and replacement of more than 10 million smart electric meters, as a part of its smart metering project, which was completed within 13 months.
5) National Building & Marketing Co.’s board of directors approved its transition from the parallel market to the main market.
6) Eastern Province Cement Co.’s shareholders approved a 25% cash dividend, at SAR 2.5 per share, for 2020.
7) Al Moammar Information Systems Co.’s (MIS) shareholders approved the board of directors’ recommendation to increase capital by 25% to SAR 250 million from SAR 200 million.
8) National Agricultural Development Co.’s (NADEC) board of directors appointed Abdulaziz Saleh Alrebdi (non-executive) as chairman and Abdulateef Abdullah Al-Rajhi (non-executive) as vice chairman of the board of directors.
9) Filling and Packing Materials Manufacturing Co. (FIPCO) renewed a SAR 30 million Shariah-compliant credit facility agreement with Bank Albilad.
10) Brent crude on Tuesday gained 33 cents to reach $63.61 per barrel. WTI crude also increased 31 cents to reach $60.01/bbl.
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