Here are a few things you need to know as Saudi stocks start trading on Monday.
1) Shareholders of Al Hammadi Company for Development and Investment approved a board of directors’ recommendation to distribute 6% cash dividend (SAR 0.6 a share) for 2021.
2) Al Moammar Information Systems Co. (MIS) renewed and amended a SAR 220 million bank Shariah-compliant facility agreement with Arab National Bank (ANB).
3) Tourism Enterprise Co.’s (Shams) shareholders approved a board recommendation of a 48.21% capital reduction to SAR 52.57 million from SAR 101.5 million.
4) National Metal Manufacturing and Casting Co.’s (Maadaniyah) rights issue was 86.73% covered, as subscribers injected SAR 104.08 million in 10.407 million new shares.
5) Arabian Shield Cooperative Insurance Co.'s shareholders approved, on Dec. 9, increasing capital from SAR 400 million to SAR 638.52 million.
6) Jabal Omar Development Co. signed on Dec. 9 a facilities agreement with Bank Albilad worth SAR 1 billion.
7) Yanbu Cement Co.’s board of directors declared a 10% cash dividend, at SAR 1 per share, for the second half of 2021, amounting to SAR 157.5 million.
8) Saudi Real Estate Co.’s (Al Akaria) board of directors approved amending the recommendation on increasing capital to SAR 1.593 billion from SAR 1.6 billion.
9) Alkhaleej Training and Education Co. received the no-objection certificate of the General Authority for Competition (GAC) to complete the process of economic concentration regarding the acquisition of 60% of Al-Raqi National Schools Co.
10) Brent crude on Monday gained $1.11 to reach $76.26 per barrel while WTI crude increased $1.14 to reach $72.81/bbl.
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