Tadawul trading screen
Here are a few things you need to know as Saudi stocks start trading on Tuesday.
1) Riyad REIT Fund's board of directors recommended to take the necessary procedures to start increasing capital.
2) Allied Cooperative Insurance Group’s (ACIG) subscription to new shares and rights trading began on Jan. 3, to increase capital by 106% from SAR 141 million to SAR 291 million.
3) National Company for Glass Industries’ (Zoujaj) board of directors recommended a 5% cash dividend for 2021, at SAR 0.5 per share, amounting to SAR 16.45 million.
4) Nama Chemicals Co. received a court ruling about rejecting its lawsuit against former Chief Executive Officer (CEO), Abdullah Al Enazi.
5) East Pipes Integrated Company for Industry announced the prospectus for its initial public offering (IPO) of 6.3 million shares, representing 30% of capital.
6) Al Rajhi Bank announced the commencement of the offer of its SAR-denominated Tier 1 Sukuk by way of a private placement in Saudi Arabia.
7) Jarir Marketing Co. announced the closure of its showroom in Nation Galleria Complex, Abu Dhabi, UAE, as of Dec. 31, 2021.
8) Brent crude on Tuesday gained 21 cents to reach $79.19 per barrel. WTI crude also increased 16 cents to reach $76.2/bbl.
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