Here are a few things you need to know as Saudi stocks start trading on Sunday.
1) Jabal Omar Development Co. modified its share offer to 225.13 million from 193.07 million to Alinma Makkah Real Estate Fund’s manager to settle all payment obligations and other liabilities owed by the developer to the fund.
2) Yanbu National Petrochemical Co.'s (Yansab) board of directors recommended the distribution of cash dividends at SAR 1.5 per share, or 15% of capital, for the second half of 2021.
3) Al Yamamah Steel Industries Co. signed a contract with Arabian Electrical Transmission Line Construction Co. Ltd. (AETCON), for supplying steel towers for SAR 178.66 million.
4) SABIC Agri-Nutrients Co. completed the procedures for determining the monetary adjustment in the total value of its acquisition of all shares in the capital of SABIC Agri-Nutrient Investments Co. (SANIC) from Saudi Basic Industries Corp. (SABIC).
5) Saudi British Bank (SABB) signed a share sale and purchase agreement (SPA) worth SAR 80 million with Private Wealth Investment Holding Co. to sell its entire stake in Wataniya Insurance Co.
6) Banque Saudi Fransi’s board of directors recommended an 8.5% cash dividend (SAR 0.85 per share) for the second half of 2021, amounting to SAR 1.01 billion.
7) Brent crude on Friday declined 71 cents to reach $76.14 per barrel while WTI crude increased $1.03 to reach $73.79/bbl.
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