Here are a few things you need to know as Saudi stocks start trading on Wednesday.
1) National Metal Manufacturing and Casting Co.’s (Maadaniyah) board of directors amended its capital reduction recommendation to 16.76% to SAR 234 million from SAR 281.12 million to offset SAR 47.12 million accumulated losses.
2) Sahara International Petrochemical Co.'s (Sipchem) shareholders approved the buyback of up to 66.35 million shares and allocating them as treasury shares.
3) Emaar the Economic City (Emaar EC) submitted a request to raise its capital through loan conversion to the Capital Market Authority (CMA).
4) Amlak International for Real Estate Finance Co.’s shareholders approved the board of directors’ recommendation of an 8% cash dividend, or SAR 0.80 per share, for 2020.
5) Dallah Healthcare Co.’s shareholders approved authorizing the board of directors to pay interim dividend for 2021 on a quarterly or semi-annual basis.
6) Brent crude on Wednesday declined 12 cents to reach $68.53 per barrel. WTI crude also decreased 20 cents to reach $65.87/bbl.
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