Here are a few things you need to know as Saudi stocks start trading on Monday.
1) National Medical Care Co.'s (Care) shareholders approved the board of directors’ recommendation on paying cash dividend at 10% of capital, or SAR 1 per share, for 2020.
2) Herfy Food Services Co. extended its non-binding memorandum of understanding (MoU) with EatRite Food Services, granting it franchise rights to open 50 Herfy restaurant branches in Nigeria.
3) Yanbu Cement Co.'s shareholders authorized the board of directors to pay interim dividend on a semi-annual basis for 2021.
4) Alujain Holding Corp.’s shareholders refused to approve the board of directors’ report for 2020.
5) Tourism Enterprise Co.’s (Shams) board of directors appointed Abdullah bin Nasser Al Zarah as chairman and Abdullah bin Omar Al-Suwailem as vice chairman and managing director for the three-year term starting May 28, 2021.
6) Brent crude on Monday gained 29 cents to reach $69.01 per barrel. WTI crude also increased 35 cents to reach $66.67/bbl.
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