Here are a few things you need to know as Saudi stocks start trading on Tuesday.
1) SABIC Agri-Nutrients Co.’s board of directors recommended to distribute a 30% cash dividend for the second half of 2021, at SAR 3 per share, amounting to SAR 1.428 billion.
2) Rabigh Refining and Petrochemical Co. (Petro Rabigh) completed the full repayment of commercial loans related to Phase 1 of the industrial complex, amounting to SAR 21.9 billion.
3) The board of directors of Etihad Atheeb Telecommunication Co. (GO) approved to increase the company's capital through SAR 350 million rights issue.
4) Abdullah Saad Mohammed Abo Moati for Bookstores Co. (Abo Moati) renewed a Sharia-compliant credit facilities agreement worth SAR 50 million with Bank AlJazira.
5) Osool and Bakheet Investment Co., the fund manager of Al Maather REIT Fund, signed a binding purchase agreement with Al Yousuf LLC to acquire Burjeel Hospital building in Sharjah, UAE, for AED 100 million.
6) Batic Investments and Logistics Co. closed the rights trading period to double its capital to SAR 600 million.
7) National Metal Manufacturing and Casting Co. (Maadaniyah) announced that the rump offering was 729.8% oversubscribed.
8) Tourism Enterprise Co. (Shams) announced that an appeal court ruling was issued in its favor, dismissing the SAR 4.9 million compensation case filed against it by Abdul Hamid Al-Tareef, former board member and CEO.
9) Brent crude on Tuesday gained 66 cents to reach $72.18 per barrel while WTI crude decreased $2.63 to reach $68./bbl.
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